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The Special Committee has no precise timetable for the assessment of the completion of the transaction or other transaction proposals

The Special Committee consists of three independent directors of the company, Peter Andrew Schloss, Yan and Jiangnan spring. Since its inception, the Special Committee has been conducting the selection and evaluation of legal and financial advisers and has appointed Fenwick & West LLP as its legal adviser to the United States. The Special Committee is still conducting a selection and evaluation of financial advisers to assist in the assessment of offers.   In addition, the company has hired kilometre capital as its external strategic advisor. As previously announced, the privatisation offer ...

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