ELIFE HLDGS(00223): Shousheng Capital Group Limited has been appointed as the independent financial advisor.

ELIFE HLDGS (00223) announced that in accordance with Rule 2.1 and Rule 2.8 of the Takeovers Code, an independent directors committee has been established consisting of non-executive directors and all independent non-executive directors Chan Yan Kiu, Lam Chuen Chi, Wong Tsz Fung, and Mui Yee Wo (with the exception of any shares held by them, they do not have any direct or indirect interests in the partial takeover offer), to provide advice to independent shareholders regarding the partial takeover offer. The Board further announced that First Shanghai Capital Group Limited (an independent financial advisor), a licensed corporation under the Securities and Futures Ordinance for Types 1 (dealing in securities) and 6 (advising on corporate finance) regulated activities, has been appointed as independent financial advisor by the company to provide advice on the partial takeover offer, particularly on (i) the fairness and reasonableness of the partial takeover offer, and (ii) to provide advice on the acceptance of the partial takeover offer to the independent directors committee and independent shareholders. The independent directors committee has approved the appointment in accordance with Rule 2.1 of the Takeovers Code.