ICO Group Limited — Share Issue/Capital Change 2017

Jul 26, 2017

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.

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GRANT OF SHARE OPTIONS

This announcement is made pursuant to rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

The board (the “ Board ”) of directors (the “ Directors ”) of AMCO United Holding Limited (the “ Company ”) hereby announces that the Company granted share options (the “ Share Options ”) to the eligible participants (the “ Grantees ”) to subscribe for a total of 186,200,000 ordinary shares of HK$0.01 each (the “ Shares ”) in the capital of the Company on 26 July 2017 pursuant to the share option scheme adopted by the Company on 30 June 2015, subject to the acceptance of the Grantees.

Details of the grant of the Share Options are set out as follows:

Date of grant : 26 July 2017 (the “ Date of Grant ”)

Exercise price of the : HK$0.123 per Share, which represents the highest Share Options granted of (i) the closing price of HK$0.123 per Share on the Date of Grant; (ii) the average closing price of HK$0.106 per Share for the five business days immediately preceding the Date of Grant; and (iii) the nominal value of HK$0.01 per Share

* For identification purposes only

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Number of the Share : 186,200,000 Share Options (each Share Option Options granted shall entitle the holder of the Share Option to subscribe for one Share) Closing price of the Shares : HK$0.123 per Share on the Date of Grant Validity period of the : From 26 July 2017 to 25 July 2022 (both days Share Options inclusive)

None of the Grantee is a Director, chief executive or substantial Shareholder, or their respective associates (as defined in the Listing Rules).

By order of the Board AMCO United Holding Limited ZHANG Hengxin Chairman and Managing Director

Hong Kong, 26 July 2017

As at the date of this announcement, Mr. Zhang Hengxin, Mr. Peng Shiyuan and Mr. Jia Minghui 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.

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