The board of directors of AMCO United Holding Limited announced that, with effect from 31 January 2017, Mr. Yip Wai Lun, Alvin (‘Mr. Yip') will resign as an executive director . Mr. Yip will cease to act as the chairman of the board, managing director of the company, the chairman of the 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. Mr. Yip will remain a director of certain subsidiaries of the company despite that he will cease to act in the aforesaid positions.

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.