CHI KINGSTONE (01380) announced the establishment of an Independent Board Committee comprising all independent non-executive directors, namely Mr. Andreas Varianos, Ms. Zu Rui, and Ms. Gu Yiran, who have no direct or indirect interest in the proposed bonus share issue.

The Independent Board Committee has been formed to advise independent shareholders on whether the terms of the proposed bonus share issue are entered into on normal commercial terms, whether they are fair and reasonable, and whether they are in the interests of the company and shareholders as a whole, and to make recommendations on voting.

On August 28, 2025, Champion International Finance Limited, a licensed corporation authorized to conduct Type 6 regulated activity (advising on corporate finance) under the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong, has been appointed as the independent financial advisor. The advisor will provide advice to the Independent Board Committee and independent shareholders on whether the terms of the proposed bonus share issue are entered into on normal commercial terms, whether they are fair and reasonable, and whether they are in the interests of the company and shareholders as a whole, and make recommendations on voting.