The board of directors of AL Group Limited announced that Mr. Yau Chung Ping (‘Mr. Yau') has tendered his resignation as an executive Director and Chief Executive Officer of the Company with effect from 4 February 2020 as he needs to devote more time and dedication on his personal and other business commitments. Mr. Yau has confirmed to the Board that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong. The Board hereby announces that Mr. Kwan Tek Sian (‘Mr. Kwan') has been appointed as an executive Director and Chief Executive Officer of the Company with effect from 4 February 2020.

Mr. Kwan, aged 44, is an entrepreneur with interests across multiple industries. He is the non-executive director and chairman of the board of directors of Bosa Technology Holdings since 18 August 2017. Since July 2018, he has been re-designated to an executive director of JMC Technologies Pte.

Ltd. Following the resignation of Mr. Yau as an executive Director and the Chief Executive Officer, Mr. Yau will cease to be a compliance officer of the Company and Mr. Kwan has been appointed in place of Mr. Yau as the Compliance Officer, with effect from 4 February 2020. Following the resignation of Mr. Yau as an executive Director and the Chief Executive Officer, Mr. Yau will cease to be an authorised representative of the Company under Rule 5.24 of the GEM Listings Rules as well, and Mr. Kwan has been appointed in place of Mr. Yau as the Authorised Representative, with effect from 4 February 2020. Subsequent to the resignation of Mr. Yau, Mr. Yau has ceased to be the member of the Remuneration Committee of the Company with effect from 4 February 2020.

Mr. Kwan, an executive Director and the Chief Executive Officer, has been appointed as the member of the Remuneration Committee of the Company with effect from 4 February 2020.