Common use of INDEPENDENT BOARD COMMITTEE Clause in Contracts

INDEPENDENT BOARD COMMITTEE. The Independent Board Committee, which comprises all non-executive Directors who are not interested in the Proposal, namely, Mr. Xxxx Xx, Xx. Xxx Xxxxx, Mr. Xx Xxxxxxx Xxx Xxxxx and Xx. Xxx Jianjun, has been established by the Board to make a recommendation to (i) the Independent Shareholders as to whether the terms of the Proposal are, or are not, fair and reasonable and as to voting and (ii) the Optionholders as to its views on acceptance of the Option Offer. Pursuant to Rule

INDEPENDENT BOARD COMMITTEE. The An Independent Board Committee, which comprises all the following independent non-executive Directors who are not interested in the Proposal, namely, Mr. Xxxx XxDirectors, Xx. Xxxx Xxx XxxxxXxx, Mr. Xx Xxxxxxx Xxx Xx. Xxxxx Xin Zhi and Xx. Xxx JianjunXx Wing Fai, has been established by the Board to make a recommendation to (i) the Independent Shareholders as to to: (i) whether the terms of the Proposal and the Scheme are, or are not, fair and reasonable and as to voting reasonable; and (ii) the Optionholders as whether to its views on acceptance vote in favour of the Option Offer. Pursuant to RuleScheme at the Court Meeting and the EGM.