KFM KINGDOM (03816) has announced that Quam Capital Limited, a licensed corporation permitted under the Securities and Futures Ordinance to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities, has been appointed as the independent financial adviser.

The appointment is to advise the independent board committee and independent shareholders on the Luxshare subscription agreement and the transactions contemplated thereunder, and to advise the independent board committee and offer shareholders on the offer.

The appointment has been approved by the independent board committee in accordance with Chapter 14A of the Listing Rules and Rule 2.1 of the Takeovers Code.