The Board of Zhuhai Holdings Investment Group Limited announced that VMS Securities Limited, a corporation licensed by the SFC to carry out type 1 (dealing in securities) and type 6 (advising on corporate finance) regulated activities under the SFO, has been appointed as the Independent Financial Adviser to advise the Independent Board Committee in relation to the Proposal and such appointment of the Independent Financial Adviser has been approved by the Independent Board Committee pursuant to Rule 2.1 of the Takeovers Code. The advice of the Independent Financial Adviser and the recommendation of the Independent Board Committee in respect of the Proposal will be included in the Scheme Document to be dispatched by the Offeror and the Company to all Shareholders.