The board of directors of AM Group Holdings Limited announced that Mr. Tan Kia Jing ("Mr. Tan'') has been appointed as an independent non-executive Director (the "INED''), the chairman of each of the Board's audit committee and the nomination committee, as well as a member of
the Board's remuneration committee ("RC'') (collectively, the "Appointment'') with effect from 29 February 2024. Mr. Tan, aged 50, has over 25 years of experience in accounting and financial management. Mr. Tan is currently a Fellow Chartered Accountant with the Institute of Singapore Chartered Accountants and a Fellow Certified Practicing Accountant (FCPA) with CPA Australia. Mr. Tan holds a Bachelor of Commerce degree in accounting from Deakin University, Australia. He was with KPMG Singapore office from November 1999 to November 2002, KPMG Shanghai office from December 2002 to September 2005 and PricewaterhouseCoopers Shanghai office from October 2005 to November 2008. Prior to joining Ambow Education Group, he worked as a Senior Audit Manager in PricewaterhouseCoopers' Shanghai office. Mr. Tan was with Ambow Group from December 2008 to October 2022. In March 2011, Mr. Tan was promoted to the position of Vice President in Finance. In July 2012, Mr. Tan was further promoted to the position of acting chief financial officer. In May 2015, Mr. Tan has started to serve as chief financial officer of Ambow Group. Mr. Tan left Ambow Group in October 2022. From October 2022 to December 2023, he was the chief financial officer of Beijing Doing Now Fitness Group. Mr. Tan has entered into a letter of appointment with the Company for a term of one year commencing on 29 February 2024, which can be terminated by either party giving to the other 2 weeks' notice or payment in lieu of notice. Mr. Tan will be subject to retirement by rotation and re-election in accordance with the articles of association of the Company.