The board of directors of AMCO United Holding Limited announced that Mr. Gong Hongwei has been appointed as President of the Company with effect from 11 December 2020. Mr. Gong will be mainly responsible for matters related to the management of business operation of the Group in the People's Republic of China. Mr. Gong, aged 42, held senior managerial positions of companies incorporated in the PRC which engage in several industries including but not limited to medical devices and construction business. He has over 23 years of experience in management in several industries. Mr. Gong has extensive professional experience and network in the medical devices and construction industry in the PRC. The Board believes that appointing Mr. Gong as the President of the Company will strengthen the Group's management team as a whole.