Zhitong Finance App News, Maoye International (00848) issued an announcement. The board of directors announced that it has appointed Huayao Securities (International) Limited (Huayao) (a licensed corporation licensed to engage in Type 1 (securities trading) and Class 6 (advising on institutional financing) regulated activities under the Securities and Futures Ordinance) as independent financial advisors to provide advice to the Independent Board Committee (including all independent non-executive directors, Mr. Rao Yong, Mr. Pu Bingrong and Ms. Xu Jing, respectively). The appointment of Huayao as an independent financial advisor has been approved by the Independent Board Committee in accordance with Rule 2.1 of the Takeovers Code.

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