PANDA FINANCIAL(SH:600599) Zheng Quan Zhi Xing·2025-08-01 16:23General Overview - The document outlines the work rules for the Audit Committee of Panda Financial Holdings Co., Ltd, aiming to enhance the decision-making function of the board and ensure effective supervision of the management team [1][2]. Composition of the Audit Committee - The Audit Committee consists of three directors, with a majority being independent directors, and must include a professional accountant as the chairperson [2][3]. - The term of the Audit Committee members aligns with that of other directors, with a maximum term of three years, and independent directors cannot serve more than six consecutive years [2][3]. Responsibilities and Authority - The Audit Committee is responsible for reviewing financial information, supervising internal and external audits, and ensuring effective internal controls [4][5]. - Key responsibilities include approving financial reports, hiring or dismissing external auditors, and overseeing compliance with laws and regulations [4][5][6]. - The committee must report any necessary measures or improvements to the board and provide opinions on the authenticity and completeness of financial reports [5][6]. Meeting Procedures - The Audit Committee must hold at least one meeting per quarter, with a quorum requiring two-thirds of members to be present [6][7]. - Meetings can be conducted in person or via written communication, and decisions require a majority vote from members present [6][7][11]. Documentation and Record Keeping - Meeting records must include details such as date, attendees, agenda, and voting results, and must be signed by attendees [12][13]. - The documentation must be retained for a minimum of ten years [14]. Amendments and Compliance - Any matters not covered by these rules will be governed by relevant national laws and company regulations, with the board responsible for interpreting the rules [14].