The board of Sun Cheong Creative Development Holdings Limited announced that the Company has formed an independent board committee, comprising Dr. Chan Kai Yue Jason, Ms. Lin Weiqi Wendy and Mr. Wong Chi Kei, being all the independent non-executive Directors, to advise the Independent Shareholders as to whether the terms of the Restructuring and the Whitewash Waiver are fair and reasonable as well as in the interests of the Company and the Independent Shareholders as a whole, and to advise the Independent Shareholders on how to vote, taking into account the advice of the Independent Financial Adviser.