ICO Group Limited — Regulatory Filings 2016

Aug 8, 2016

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [58 x 23] intentionally omitted <==

==> picture [58 x 24] intentionally omitted <==

==> picture [215 x 71] intentionally omitted <==

(Incorporated in Bermuda with limited liability)

(Stock Code : 630)

UPDATE ON PROFIT WARNING

This announcement is made by AMCO United Holding Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the profit warning announcement of the Company dated 22 June 2016 (the “ Announcement ”). Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.

As disclosed in the Announcement, the Board expected the Company would record a loss for the period ended 30 June 2016 but such loss might decrease significantly by approximately 60% as compared with the net loss for the corresponding period of 2015.

Upon further review by the Board on the unaudited consolidated management accounts of the Group for the period ended 30 June 2016, the Board wishes to update the shareholders of the Company and potential investors that the Company is expected to record a loss for the six months ended 30 June 2016, with the amount of which similar to the net loss of approximately HK$9.0 million for the corresponding period of 2015.

• For identification purposes only

1

The revision of increase in the expected net loss of the Group for the six months ended 30 June 2016 is primarily due to (i) loss on change in fair value of held-for-trading investments which were acquired after the date of the Announcement of approximately HK$2.7 million; (ii) share of loss of an associate of approximately HK$1.5 million; and (iii) accruals of administrative expenses of approximately HK$0.9 million incurred for business development.

The information contained in this announcement is based on the further review by the Board on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2016 and the information currently available, which have not taken into account the possible effect of any impairment losses on the intangible assets of the Group, if any, and may be subject to adjustment and have not been audited or reviewed by the Company’s auditor. The Group is still in the process of finalizing its consolidated financial statements for the six months ended 30 June 2016. Details of the Group’s performance will be disclosed as and when the interim results of the Group for the six months ended 30 June 2016 are announced.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board AMCO United Holding Limited Yip Wai Lun, Alvin Chairman and Managing Director

Hong Kong, 8 August 2016

As at the date of this announcement, Mr. Yip Wai Lun, Alvin, Mr. Cheng Kin Chor and Mr. Leung Kelvin Ming Yuen are the Executive Directors; and Mr. Wong Siu Ki, Mr. Chan Ngai Sang Kenny and Mr. Li Kwok Fat are the Independent Non-executive Directors.

2