The board of directors of AMCO United Holding Limited announced that Mr. Zhang Hengxin (Mr. Zhang) has retired as the Chairman of the Board with effective from 5 October 2023. He will continue to be an executive Director, managing director, the chairman of the Nomination Committee and an authorized representative to accept on the company's behalf service of process and notices required to be served on the company in Hong Kong as required under Rule 19.05(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part 16 of the Companies Ordinance. Mr. Jia Minghui (Mr. Jia), being an executive Director, has succeeded Mr. Zhang as the Chairman of the Board with effective from 5 October 2023.

Mr. Jia, aged 33, was appointed as executive Director of the Group since 30 September 2016. Mr. Jia obtained a Master Degree of Development Economics from the School of Oriental and African Studies, University of London, United Kingdom in 2013. Mr. Jia has 10 years of extensive experience in the capital markets, cross-border investment and financing business, multinational enterprises, private enterprises and asset management for high-net-worth individuals.

Prior to joining the Company, He had been working in the financial conglomerate in People's Republic of China and responsible for clients' project management, mergers and acquisitions activities.