CITIC Metal (SH:601061) Zheng Quan Zhi Xing·2025-03-26 13:14Group 1 - The audit committee of CITIC Metal has diligently fulfilled its responsibilities in 2024, adhering to relevant regulations and guidelines [1][6][9] - The audit committee consists of three directors, with a majority being independent directors, ensuring professional oversight [1][6] - The committee held multiple meetings throughout the year to review and approve various financial reports and audit-related proposals [2][4][5] Group 2 - The committee approved the change of the auditing firm to Xinyong Zhonghe, which will conduct the 2024 financial audit, ensuring independence and objectivity [3][6] - The audit committee actively supervised and evaluated the external audit work, confirming that the auditing fees were consistent with market rates [6][7] - Internal audit work was guided effectively, with no significant issues identified, indicating a well-functioning internal audit process [6][7] Group 3 - The audit committee reviewed the company's financial reports for accuracy and completeness, finding no significant fraud or misstatements [6][7][8] - The committee assessed the effectiveness of internal controls, ensuring compliance with relevant standards and regulations [7][8] - The committee evaluated related party transactions, confirming that they were conducted fairly and in accordance with legal requirements [7][8] Group 4 - The committee reviewed the expansion of hedge accounting application, determining it aligns with regulations and enhances the reliability of financial reporting [8][9] - Effective communication between management, internal audit, and external auditors was facilitated by the committee to ensure efficient audit processes [9]