The board of directors of AMCO United Holding Limited announced that Mr. Chan Tsz Keung (‘Mr. Chan') has tendered his resignation as an independent non-executive Director and the chairman of the remuneration committee of the company and a member of each of the nomination committee and audit committee of the Company with effect from 27 March 2023 due to his wishes to devote more time on his other business commitments. On 27 Mach 2023, following the resignation of Mr. Chan, Mr. Au Yeung Ming Yin Gordon has been appointed as the chairman of the remuneration committee. Following the resignation of Mr. Chan, the Company only has two independent non-executive Directors, the number of independent non-executive Directors and number of members of each of the audit committee, nomination and remuneration committee of the Company falls below the number required under Rule 3.10(1), Rule 3.21 and Rule 3.25 of the Rules Governing the Listing of Securities of the Stock Exchange (the ‘Listing Rules').

The Board will make its best endeavours to identify suitable candidate to fill the vacancy as soon as practicable and in any event within three months from the date of resignation of Mr. Chan in order to ensure compliance by the Company with the requirements under the Listing Rules. The Company will make further announcement as soon as practicable after the appointment of the new independent non-executive Director.