AM Group Holdings Limited announced that, Mr. Tan Eng Ann has retired as an independent non-executive Director, and accordingly, has ceased to be the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee with effect from the conclusion of the 2020 AGM. Immediately following Mr. Tan's retirement and cessation, the Board comprises only two independent non-executive Directors, which does not fulfil the requirement of having three independent non-executive Directors under Rule 3.10(1) of the Listing Rules; and the Audit Committee comprises only two members, which does not fulfil the requirement of comprising a minimum of three members who are non-executive Directors under Rule 3.21 of the Listing Rules.