CHINA WACAN (01920): Leading Intelligent Enterprise Financing Appointed as Independent Financial Advisor

CHINA WACAN (01920) announced that Lingzhi Enterprise Financing Limited (a licensed corporation under the Securities and Futures Ordinance of Hong Kong that is authorized to engage in regulated activities of Type 6 - providing advice on corporate finance) has been appointed as the company's independent financial advisor to provide advice on the terms of the offer and acceptance of the offer to the Independent Board Committee and independent shareholders. The appointment has been approved by the Independent Board Committee in accordance with Rule 2.1 of the Takeover Code. The opinion letter from Lingzhi Enterprise Financing Limited on the offer and the recommendation letter from the Independent Board Committee will be included in the composite document.