ChaPanda (02555.HK) Establishes Independent Special Committee

Zhitong Finance APP has learned that on November 13, ChaBaiDao (02555.HK) issued an announcement that the company has established an independent special committee composed of three independent non-executive directors. The purposes of establishing this committee include overseeing an independent investigation conducted in response to matters of concern to the Securities and Futures Commission. The independent special committee is authorized to exercise all necessary powers, authorities, and rights to perform its duties. The independent special committee is taking steps to identify and select suitable and qualified independent professional advisers to conduct the independent investigation. The company will issue further announcements separately in due course regarding the progress and results of the independent investigation.