Financial news app, quam plus fin (00952) announced that an independent non-executive director (except Mr. Liu Jipeng, a related client) has formed an independent board of directors to consider whether the financial services agreement and the proposed annual cap are fair and reasonable and in the overall interest of the company and shareholders, and provide advice to independent shareholders on this matter.

An independent financial advisor has been appointed to provide advice to the independent board of directors and independent shareholders on the financial services agreement and the proposed annual cap.