Zhitong Finance App News, Fenmei Packaging (00468) issued an announcement. An independent board committee composed of non-executive director Mr. Hong Gang and all independent non-executive directors LUETH Allen Warren, BEHRENS Ernst Hermann and Guo Kai has been formed in accordance with Rules 2.1 and 2.8 of the Takeovers Code to provide recommendations on the offer to the company's shareholders (excluding offenders and those acting in concert with the offer), and to advise independent shareholders on whether the terms of the offer are fair and reasonable and whether the offer is accepted or voted on. Since Wang Bangsheng, the company's non-executive director, is an employee of a subsidiary of China Mengniu Dairy Co., Ltd. (02319), China Mengniu is a company listed on the main board of the Hong Kong Stock Exchange Limited and also indirectly held 704.98 million shares of the company on the date of this announcement, accounting for approximately 5.01% of the company's issued share capital, and if any preconditions/conditions are agreed or exempted by the offeror (if applicable), or if the offer becomes or is declared unconditional, China Mengniu may need to review its business relationship with the company in accordance with the rules of the Code of Conduct 2.8. Mr. Wang will not be a member of the Independent Board Committee.

The Company has appointed Yinggao Financial Advisors Limited as the company's financial advisor (a licensed corporation authorized to conduct Type 1 (trading securities), Type 4 (advising on securities), Type 6 (advising on institutional financing) and Type 9 (providing asset management) regulated activities under the Securities and Futures Ordinance) to advise the board of directors on the offer.