P&T Energy Group Ltd. ("P&T") is a Hong Kong-based global supplier of electronic learning products. It is mainly engaged in the design and manufacture of consumer electronic products. P&T's products include corded and cordless telephones and electronic learning solutions. Howard and Matthew are the founder members and executive directors of P&T. Each of them holds 50% of the issued shares. P&T's issued share capital is HKD100 million, which consists of 100,000,000 ordinary shares of HKDI each. The following information is extracted from the audited financial statements of P&T for the years ended 31 December 2021, 2020 and 2019: Revenue Cost of sales Gross profit Other income Other operating expenses Administrative expenses Interest and finance costs Profit before tax Tax expenses Profit for the year/ attributable to shareholders Cashflow 2021 HKD million 615 (570) 9 (6) (5) 39 (4) 11 35 59 2020 HKD million 582 (555) 27 9 (5) 20 (3) 17 30 2019 HKD million 560 (535) 25 7 (4) (4) (6) 18 (3) 15 30 As part of its corporate strategic development to expand its business into the mainland market, P&T is planning to apply for listing on the main board of the Hong Kong Stock Exchange (SEHK) in the third quarter of 2022. It is proposed that P&T will issue 400,000,000 new shares at an offer price of HKD2 per share to the public for subscription by initial public offer. REQUIRED: (a) Analyse whether P&T is qualified for the listing on the Main Board of the SEHK in late 2022, with respect to the following aspects under Ch. 8: (i) Financial requirements per Profit test, Market capitalization / Revenue test, Market and capitalization / Revenue / Cashflow test'. Show your workings. (ii) Operating history and management. (iii) Minimum market capitalization. (iv) Public float. (b) Suppose P&T has appointed one existing independent non-executive director and is considering appointing the following persons to be its independent non-executive directors to comply with the requirements of Listing Rules: (i) Peter is digital marketing specialist. He holds independent non-executive director positions in six other listed companies. (ii) Mary was an accountant and a partner of an accounting firm, which audited P&T's accounts. She resigned from the accounting firm on 31 Aug 2021. Advise P&T separately the feasibility and concern(s) (if any) of appointing Peter and Mary as its additional independent non-executive directors.