The Board of Directors (the “Board”) of AMS Public Transport Holdings Limited (the “Company”) announces with sympathy that Dr. Lee Peng Fai, Allen (“Dr. Lee”), an Independent Non-Executive Director of the Company, chairman of the Remuneration Committee, member of the Audit Committee and Nomination Committee of the Board, passed away on 15 May 2020.

Dr. Lee acted as an independent non-executive director of the Company since 16 March 2004. The Board would like to thank the late Dr. Lee for his invaluable contribution to the Company during his tenure of service and expresses the deepest condolences to his family.