The board of directors of the Kong Shum Union Property Management (Holding) Limited announced that independent board committee of the Board comprising all the independent non-executive Directors, namely Mr. Tso Siu Lun, Alan, Lam Kai Yeung and Mr. Lo Chi Ho, Richard, has been established for the purpose of makig a recommendation to the Independent Shareholders and the Optionholders in respect of Offers and, in particular, as to whether the terms of the Offers are fair and reasonable and to acceptance of the Offers. The recommendation of the Independent Board Committee will Offers.