Xinhuo Technology Holdings (01611) establishes an independent board committee and appoints independent financial advisors

Zhitong Finance App News, Xinhuo Technology Holdings (01611) issued an announcement. An independent board committee (composed of all independent non-executive directors with no direct or indirect rights in the subscription matters, including Mr. Yu Junjie, Mr. Ye Weiming, and Dr. Lin Jiali BBS JP) has been established to independently provide advice to shareholders on whether the subscription agreement I, subscription agreement IV, and the terms of the proposed transaction under it are based on normal commercial terms, whether it is fair and reasonable, and whether it is in line with the overall interests of the Company and shareholders.

On July 2, 2025, Jialin Capital Limited, a licensed corporation capable of engaging in Type 6 (advising on institutional financing) regulated activities under the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong, was appointed as an independent financial advisor to advise and vote on whether the terms of the subscription agreement I, subscription agreement IV and proposed transactions under them (including granting special mandates to allocate and issue related subscription shares) are in accordance with normal commercial terms, whether they are fair and reasonable, and whether they are in line with the overall interests of the Company and shareholders Recommended recommendations.