The Board of Junefield Department Store Group Limited announced that: the CB Independent Board Committee comprising all the independent non-executive Directors, namely Mr. Lam Man Sum, Albert, Mr. Cao Kangyu and Mr. Cheung Ka Wai has been established for the purpose of advising the Independent Shareholders in respect of the Subscription Agreement (which is supplemented and amended by the Supplemental Agreement dated 31 May 2018) and the transactions contemplated thereunder; and the GO Independent Board Committee comprising the non-executive Director, namely Mr. Jorge Edgar Jose Muñiz Ziches and the independent non-executive Directors, namely Mr. Lam, Mr. Cao and Mr. Cheung, has been formed to make recommendations to the Independent Shareholders in respect of whether the Offers are fair and reasonable and as to its acceptance.