HFM(SH:603011) Zheng Quan Zhi Xing·2025-08-01 16:13General Overview - The company establishes an Audit Committee to enhance the decision-making function of the Board of Directors, ensuring effective supervision of the management team and improving corporate governance structure [1][2] Composition of the Audit Committee - The Audit Committee consists of three directors, with a majority being independent directors, and is chaired by an independent director with accounting expertise [2][3] - The term of the Audit Committee aligns with that of the Board of Directors, allowing for re-election upon term expiration [2] Responsibilities and Authority - The Audit Committee is responsible for reviewing financial information, supervising internal and external audits, and evaluating internal control systems [3][4] - Key responsibilities include approving financial reports, assessing the performance of external auditors, and ensuring compliance with legal and regulatory requirements [4][5] Decision-Making Procedures - The Audit Committee has the authority to request necessary information from various departments and subsidiaries to fulfill its responsibilities [5][6] - Meetings are held regularly, with at least one quarterly meeting, and can be convened as needed [6][7] Meeting Protocols - Meetings require a two-thirds attendance of committee members and decisions are made by majority vote [6][7] - The committee can invite external experts or consultants to provide professional opinions during meetings [7][8] Implementation and Compliance - The working rules of the Audit Committee take effect upon approval by the Board of Directors and must comply with relevant laws and regulations [8]