ICO : EXTENSION OF LONG STOP DATE FOR PLACING OF NEW SHARES UNDER GENERAL MANDATE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

ICO GROUP LIMITED

揚 科 集 團 有 限 公 司*

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1460)

EXTENSION OF LONG STOP DATE

FOR PLACING OF NEW SHARES UNDER GENERAL MANDATE

Financial advisor to the Company

Placing Agent

結 好 證 券 有 限 公 司

GET NICE SECURITIES LIMITED

Reference is made to the Company's announcement dated 27 August 2020 (the "Announcement") relating to, among other things, the Placing. Terms used herein shall have the same meanings as defined in the Announcement unless otherwise stated.

On 12 September 2020, the Company and the Placing Agent entered into a supplemental agreement (the "Supplemental Agreement") whereby the parties agreed to extend the date for fulfilling the condition precedent of the Placing under the Placing Agreement to 28 September 2020. Save as amended by the Supplemental Agreement, all other terms and conditions of the Placing Agreement shall remain unchanged and in full force and effect.

By order of the Board

ICO Group Limited

Leong Yeng Kit

Chairman and Executive Director

Hong Kong, 12 September 2020

*  For identification purposes only

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As at the date of this announcement, the executive Directors of the Company are Mr. Leong Yeng Kit and Ms. Lee Pei Ling; the non-executive Directors of the Company are Mr. Leong Yeng Kong, Ms. Leong Poh Chih, Mr. Leong Yeng Weng, Ms. Walaiporn Orakij and Ms. Durgadewi Yoganathan; and the independent non-executive Directors of the Company are Mr. Tan Eng Wah, Mr. Gan Cheng Khuan, Ms. Yvonne Low Win Kum and Mr. Chiu King Yan.

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