The board of Directors of the Greatview Aseptic Packaging Company Limited announced that an independent board committee ("Independent Board Committee") comprising of the non-executive Director Mr. HONG Gang, and all the independent non-executive Directors, namely Mr. LUETH Allen Warren, Mr. BEHRENS Ernst Hermann and Mr. GUO Kai, has been established pursuant to Rules 2.1 and 2.8 of the Takeovers Code to make recommendation to the shareholder(s) of the Company other than the Offeror and the Offer Concert Parties ("Independent Shareholder(s)") in respect of the Offer and to advise the Independent Shareholders as to whether or not the terms of the Offer are fair and reasonable and as to the acceptance of the Offer. As Mr. Wang Bangsheng ("Mr. Wang"), who is a non-executive Director of the Company, is an employee of a subsidiary of China Mengniu Dairy Company Limited ("China MN"), which is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and an important strategic customer of the Company which also indirectly holds as at the date of this announcement 70,498,000 Shares or approximately 5.01% of the issued share capital of the Company, and that China MN might need to review its business relationship with the Company in the event that any of the Pre-Conditions/Conditions are satisfied or waived by the Offeror (as applicable) or in the event that the Offer becomes or is declared unconditional, Mr. Wang will not be part of the Independent Board Committee under Rule 2.8 of the Takeovers Code.