Tiantai Xianghe(SH:603500) Zheng Quan Zhi Xing·2025-07-09 09:15General Provisions - The company establishes an Audit Committee to enhance and standardize its decision-making functions and ensure effective supervision of the management team [2][4] - The Audit Committee is a specialized working body of the Board of Directors, responsible for reviewing financial information and supervising internal and external audit work [2][8] Composition of the Committee - The Audit Committee consists of three directors, with at least two being independent directors and one being a professional accountant [4][6] - The members must be independent of the company's daily operations and should not hold senior management positions [4][6] Responsibilities and Authority - The main responsibilities of the Audit Committee include supervising external audit work, reviewing financial information, and evaluating internal controls [10][11] - The Committee is responsible for hiring and supervising the accounting firm and ensuring the integrity of financial reporting [11][12] Meeting Procedures - The Audit Committee must meet at least quarterly, with additional meetings called as necessary [16][17] - A quorum requires attendance of at least two-thirds of the members, and decisions are made by a majority vote [18][19] Conflict of Interest - Members with a direct or indirect interest in the matters discussed must disclose their relationship and abstain from voting [29][30] - The Committee can still proceed with discussions if the remaining members constitute a quorum [31][32] Miscellaneous Provisions - The rules become effective upon approval by the Board of Directors and are subject to relevant laws and regulations [33][34] - The Board of Directors is responsible for interpreting these rules [35]