Yugang International Limited announced that the Independent Board Committee, comprising the non-executive Director, namely, Mr. Lee Ka Sze, Carmelo and all the independent non-executive Directors, namely, Mr. Luk Yu King, James, Mr. Leung Yu Ming, Steven and Mr. Ng Kwok Fu, has been established to make recommendation to the Independent Shareholders in relation to the Offer pursuant to Rule 2.1 of the Takeovers Code.