C.P. Lotus Corporation announced the establishment of independent board committee for the purpose of making a recommendation to the Independent Ordinary Shareholders and the Independent CPS Holders as to whether the terms of the Proposal, the Ordinary Share Scheme and the CPS Scheme are, or are not, fair and reasonable and as to voting. Independent Board Committee comprises Mr. Viroj Sangsnit, Mr. Songkitti Jaggabatara, Mr. Itthaporn Subhawong, Mr. Prasobsook Boondech and Mr. Cheng Yuk Wo, each an independent non-executive directors of the Company.