Shentong Robot Education Appoints Gram Capital as Independent Financial Adviser

Shentong Robot Education Group Company Limited (08206.HK) has appointed Gram Capital Limited as its independent financial adviser (IFA) to provide guidance on a series of proposed corporate finance transactions, according to a company announcement.

Scope of Advisory Mandate

With the approval of the company's Independent Board Committee, Gram Capital will advise the committee and independent shareholders on the fairness and reasonableness of several key proposals. The firm's mandate is to evaluate the terms and provide a voting recommendation on the following items:

• A proposed debt capitalization.
• A subscription agreement and its associated transactions, including the grant of a special mandate.
• A whitewash waiver.

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A whitewash waiver is typically sought to exempt a new major shareholder, created through a transaction like a subscription, from the obligation to make a general offer to all other shareholders.

Regulatory Compliance

The appointment was made in accordance with Rule 2.1 of the Hong Kong Code on Takeovers and Mergers. Gram Capital Limited is a corporation licensed under the Securities and Futures Ordinance to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities, qualifying it to provide the required independent advice.