S ROBOT EDU (08206) has announced that, following approval from its independent board committee, Rainbow Capital Holdings Limited—a licensed corporation authorized 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 advisor.

The advisor will provide recommendations to the independent board committee and independent shareholders on whether (i) the debt capitalization, (ii) the subscription agreement and transactions contemplated thereunder, including the grant of specific mandate, and (iii) the whitewash waiver are fair and reasonable, in addition to advising on voting matters. This appointment has been sanctioned by the independent board committee in accordance with Rule 2.1 of the Takeovers Code.