According to Zhitong Financial App, Haitong Hengxin (01905.HK) announced that Yinggao Financial Advisors Limited (Yinggao) (a licensed corporation that can engage in Type 1 (securities trading), 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) has been appointed as an independent financial advisor to provide advice to the Independent Board Committee on some of the offers. The board of directors has established an independent board committee composed of all non-executive directors and independent non-executive directors (i.e. Ms. Zheng Huan, Mr. Lu Tong, Mr. Yao Feng, Mr. Zeng Qingsheng, Mr. Hu Yiwei, and Mr. Yan Lixin) who have no direct or indirect interests in accordance with Rule 2.8 of the Takeovers Code. The independent board committee has approved the appointment of Yinggao in accordance with Rule 2.1 of the Takeovers Code.

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