Zhitong Financial APP News, Qiansheng Group Holdings (08475) announced that the Independent Board Committee has been established to recommend to the independent shareholders whether the terms of the rights issue are fair and reasonable and how to vote in this regard at the EGM. The Independent Board Committee comprises all independent non-executive directors, namely Wang Jingqiang, Luo Songlin and Li Mingyang.

On 23 May 2022, Abelon Capital Limited was appointed as the company's independent financial adviser to advise the Independent Board Committee and the independent shareholders on the terms of the rights issue. The company is a corporation licensed by the SFC. Category 6 (advising on institutional financing) regulated activities may be carried out under the Securities and Futures Ordinance. The appointment of the independent financial adviser has been approved by the Independent Board Committee.