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.

  1. RESIGNATION OF EXECUTIVE DIRECTOR AND
  2. CHANGES OF CHAIRMAN, MANAGING DIRECTOR, CHAIRMAN OF NOMINATION COMMITTEE AND
AGENT FOR SERVICE OF PROCESS RESIGNATION OF EXECUTIVE DIRECTOR

The board ("Board") of directors ("Directors") of AMCO United Holding Limited ("Company") announces that with effect from 31 January 2017, Mr. Yip Wai Lun, Alvin ("Mr. Yip") will resign as an Executive Director as he wishes to allocate more time to his personal commitments.

Mr. Yip has confirmed that he has no disagreement with the Board and that he is not aware of any matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere gratitude to Mr. Yip for his valuable contributions to the Company during his tenure of office.

* For identification purposes only

CHANGES OF CHAIRMAN, MANAGING DIRECTOR, CHAIRMAN OF NOMINATION COMMITTEE AND AGENT FOR SERVICE OF PROCESS

The Board further announces that with effect from 31 January 2017:

  1. Mr. Yip will cease to act as the chairman ("Chairman") of the Board, managing director ("Managing Director") of the Company, the chairman of the nomination committee ("Nomination Committee") of the Board 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 ("Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) ("Agent for Service of Process"). Mr. Yip will remain a director of certain subsidiaries of the Company despite that he will cease to act in the aforesaid positions.

  2. Mr. Zhang Hengxin ("Mr. Zhang"), an Executive Director, will be appointed as the Chairman, the Managing Director, the chairman of the Nomination Committee and the Agent for Service of Process.

The biographical details of Mr. Zhang are set out below:

Mr. Zhang, aged 33, was appointed as an Executive Director on 6 September 2016. He was appointed as a member of each of the Nomination Committee and the remuneration committee of the Board on 1 January 2017. Mr. Zhang is also a director of a number of subsidiaries of the Company. He obtained a Bachelor Degree in Human Resources Management from Huazhong Agricultural University in 2006 and Master Degree of Arts in Industrial Relations and Personnel Management from The University of Warwick, United Kingdom in 2007. Mr. Zhang has over 9 years of experience in human resources management in different industries.

As at the date of this announcement, saved as disclosed above, Mr. Zhang has not held any other major appointment and qualification or any directorships in other public companies which are listed on any securities market in Hong Kong or overseas in the last three years, nor has held any other position with the Company or any of its subsidiaries before his appointment.

There is no service contract entered into between Mr. Zhang and the Company. He has no fixed term of service with the Company but he will be subject to retirement by rotation and re-election at the next following annual general meeting of the Company in accordance with the bye-laws of the Company. Mr. Zhang's remuneration will be determined by the Board on the basis of the relevant duties, responsibilities of Mr. Zhang, and the prevailing market conditions, with reference to the recommendation of the remuneration committee of the Company.

As at the date of this announcement, Mr. Zhang does not have, and is not deemed to have any interests or short positions in any shares, underlying shares or debentures of the Company which are required to be disclosed pursuant to Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Mr. Zhang does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company (as defined under the Listing Rules).

Saved as disclosed above, there is no further information to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Listing Rules nor any other matters that need to be brought to the attention of the shareholders of the Company in relation to the appointment of Mr. Zhang to the abovementioned positions.

The Board would like to welcome Mr. Zhang on taking up his new positions.

By order of the Board

AMCO United Holding Limited

ZHANG Hengxin

Executive Director

Hong Kong, 27 January 2017

As at the date of this announcement, Mr. Yip Wai Lun, Alvin, 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.

AMCO United Holding Limited published this content on 27 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 January 2017 04:39:01 UTC.

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