The board of Directors of Qinqin Foodstuffs Group (Cayman) Company Limited announced that on 19 April 2018, Goldin Financial Limited has been appointed as the independent financial adviser to advise the Independent Board Committee in respect of the Offers and, in particular, as to whether the terms of the Offers are fair and reasonable and as to the acceptance of the Offers. The appointment of Goldin Financial Limited as the Independent Financial Adviser has been approved by the Independent Board Committee pursuant to Rule 2.1 of the Takeovers Code.