The board of directors of AM Group Holdings Limited announced that Ms. Zhang Hong has been re-designated from the non-executive Director to an independent non-executive Director and appointed as a member of each of the Board's audit committee, nomination committee and remuneration committee, with effect from 19 January 2021. As disclosed above, with effect from 19 January 2021, Ms. Zhang has been appointed as a member of each of the Audit Committee, Nomination Committee and Remuneration Committee. The Board also announces that with effect from 19 January 2021, Mr. Chung Kwok Hoe, an INED and a member of the Audit Committee, has been appointed as the chairman of the Audit Committee.