Green Technology International Ltd (HKG: 00195) has announced the formation of an independent board committee in accordance with the Takeovers Code.

The committee, established under rules 2.1 and 2.8, is tasked with providing advice to eligible shareholders regarding a partial takeover offer.

This independent committee comprises independent non-executive directors Datin Seri Lim Mee Ling, Mr. Jin Yuliang, and Ms. Peng Wenting, none of whom hold any direct or indirect interests in the partial offer.



Following approval by this independent committee, the company has appointed FIRST SHANGHAI Financing Limited as its independent financial advisor.

FIRST SHANGHAI Financing is a licensed corporation authorized under the Securities and Futures Ordinance to conduct Type 6 regulated activity, which involves advising on corporate finance.

Its role will be to provide counsel to the independent board committee concerning the partial takeover offer and the matter of accepting the offer.