According to Zhitong Finance App, Binshi International (01705.HK) announced that an independent board committee composed of all independent non-executive directors (i.e. Mr. Peng Guangui, Mr. Shi Hongren and Mr. Zhong Guowu) has been established to provide advice to the offender shareholders on whether the offer is fair and reasonable and whether to accept the offer. Furthermore, in accordance with Rule 2.1 of the Takeovers Code, Huafu Construction Enterprise Finance Co., Ltd., which can conduct Type 1 (securities trading) and Type 6 (advising on institutional financing) regulated activities under the Securities and Futures Ordinance, has been appointed as an independent financial advisor to advise the Independent Board Committee on the above matters. The appointment of Huafu Construction as an independent financial advisor has been approved by the Independent Board Committee in accordance with Rule 2.1 of the Takeovers Code.

According to Zhitong Finance App, Binshi International (01705.HK) announced that an independent board committee composed of all independent non-executive directors (i.e. Mr. Peng Guangui, Mr. Shi Hongren and Mr. Zhong Guowu) has been established to provide advice to the offender shareholders on whether the offer is fair and reasonable and whether to accept the offer. Furthermore, in accordance with Rule 2.1 of the Takeovers Code, Huafu Construction Enterprise Finance Co., Ltd., which can conduct Type 1 (securities trading) and Type 6 (advising on institutional financing) regulated activities under the Securities and Futures Ordinance, has been appointed as an independent financial advisor to advise the Independent Board Committee on the above matters. The appointment of Huafu Construction as an independent financial advisor has been approved by the Independent Board Committee in accordance with Rule 2.1 of the Takeovers Code.