Glorious Property Holdings Limited announced an Independent Board Committee, which comprises Mr. Yim Ping Kuen, Mr. Liu Shun Fai, Mr. Wo Rui Fang and Mr. Han Ping, all of whom are independent non-executive Directors of the company, has been established by the Board to make recommendations to the Scheme Shareholders and the Optionholders on the Scheme and the Option Offer respectively. In addition, an independent financial adviser, Anglo Chinese Corporate Finance, Limited, approved by the Independent Board Committee, has been appointed to advise the Independent Board Committee in connection with the Proposal.