DIDA INC (02559) has established an independent directors' committee and appointed an independent financial adviser.

DIDA INC (02559) announced that the Board of Directors of the company has established an Independent Directors Committee in accordance with Rule 2.1 of the Takeover Code. The committee is composed of Mr. Li Feng, Mr. Li Jian, and Ms. Wu Wenjie, all of whom are independent non-executive directors. The committee will provide recommendations to eligible shareholders, option holders, and holders of restricted share units on the fairness and reasonableness of the DIDA tender offer and whether it should be accepted. The Board further announced that Stellar Capital Limited (a corporation licensed under the Securities and Futures Ordinance to engage in regulated activities of Type 1 (securities trading) and Type 6 (providing advice on corporate finance)) has been appointed as the Independent Financial Advisor (IFA) of the company. The appointment has been approved by the Independent Directors Committee in accordance with Rule 2.1 of the Takeover Code, and the IFA will provide advice on the DIDA tender offer (in each case, if and when made) and its acceptance to the Independent Directors Committee.