General Overview - The document outlines the work rules for the Audit Committee of Shanghai Cambridge Technology Co., Ltd, established to enhance the decision-making function of the board and ensure effective supervision of the management team [1]. Composition of the Audit Committee - The Audit Committee consists of three non-executive directors, with a majority being independent directors, and must include at least one member with appropriate professional qualifications in accounting or finance [3][4]. - The committee members are nominated by the chairman, a majority of independent directors, or one-third of all directors, and are elected by the board [4]. Responsibilities and Authority - The main responsibilities of the Audit Committee include supervising and evaluating the work of external auditors, guiding internal audit work, reviewing financial reports, and assessing the effectiveness of internal controls [8][9]. - The committee is responsible for communicating with management, internal audit departments, and external auditors regarding audit matters [7][8]. Decision-Making Procedures - The Audit Committee meetings can be regular or temporary, with at least one meeting held quarterly, and decisions require a majority vote from members present [11][12]. - The committee can invite external professionals for advice if necessary, with costs covered by the company [12]. Implementation and Effectiveness - The work rules will take effect upon the company's H shares being listed on the Hong Kong Stock Exchange, replacing any previous rules [25]. - The committee's authority and responsibilities are subject to relevant laws, regulations, and the company's articles of association [26][27].

Core Points - The article emphasizes the importance of implementing the spirit of the Central Eight Regulations and enhancing the Party's work style, as highlighted by Secretary Zhao Yide [1] - It discusses the integration of learning education with auditing work to improve audit quality and effectiveness, particularly in areas with concentrated power and resources [2] - The focus is on strengthening supervision of public funds and ensuring compliance with regulations to protect public interests [2][3] Group 1 - The provincial audit agencies are tasked with deepening the integration of learning education and auditing work, enhancing their role as a supervisory tool [2] - There is a strong emphasis on systemic supervision of fiscal revenue and expenditure, budget management, and public fund usage [2] - The article highlights the need for early detection and warning of risks related to grassroots social security audits, which are crucial for the public's well-being [2] Group 2 - The provincial government is urged to rigorously advance learning education and address issues with a hands-on approach, setting an example in work style construction [3] - The integration of learning education with the rectification of local misconduct and corruption is emphasized, alongside efforts to reduce burdens on grassroots levels [3] - The article mentions the importance of collaboration between audit supervision and other supervisory mechanisms to enhance overall effectiveness [2][3]

Core Points - The company has established an Audit Committee to enhance decision-making, internal control mechanisms, and governance structure [1][2] - The Audit Committee consists of three members, with a majority being independent directors, and is responsible for supervising both internal and external audits [2][4] - The committee's main responsibilities include evaluating financial reports, overseeing internal controls, and coordinating with external auditors [4][5] Composition - The Audit Committee is composed of three members, including a majority of independent directors, with a professional accountant serving as the chairperson [2][3] - Members are nominated by the chairman or a majority of independent directors and elected by the board [2][3] Responsibilities - The Audit Committee supervises external audit work, proposes the hiring or replacement of external auditors, and evaluates internal audit functions [4][5] - It reviews financial reports for accuracy and completeness, focusing on potential fraud or significant misstatements [5][8] - The committee is tasked with ensuring that the company maintains effective internal controls and complies with relevant regulations [4][6] Internal Audit - The company has established an internal audit department that reports directly to the Audit Committee [6][8] - The internal audit department is responsible for assessing the effectiveness of internal controls and ensuring the accuracy of financial information [6][7] - Internal audits must be conducted independently, without influence from the finance department [6][7] Meeting Procedures - The Audit Committee holds regular meetings at least quarterly, with special meetings convened as necessary [10][11] - Decisions require a majority vote from members present, and members must recuse themselves from discussions where they have conflicts of interest [10][12] - Meeting records must be accurately maintained and stored for ten years [12][13]

Group 1 - The core viewpoint of the articles highlights the effective role of auditing in enhancing the implementation of social welfare policies, particularly in elderly care services [1][2] - The auditing process in Yuhang District has led to significant improvements in the delivery of elderly care services, as evidenced by the positive feedback from residents like Grandma Guo [1] - Yuhang Audit Bureau has focused on addressing urgent issues in people's lives, leading to successful outcomes in various important livelihood projects, such as housing subsidies and resettlement housing management [1] Group 2 - Yuhang Audit Bureau has implemented a dual approach of "preventing diseases before they occur" and "treating existing diseases" by enhancing institutional frameworks [2] - The establishment of a dynamic monitoring mechanism for wage accounts in public investment projects aims to protect workers' rights and interests [2] - Future plans for Yuhang Audit Bureau include strengthening supervision over key aspects of funding and effectiveness in important livelihood projects to ensure high-quality audit work [2]

Core Viewpoint - The report outlines the supervisory responsibilities of the Board Audit Committee of Jiangsu Kangyuan Pharmaceutical Co., Ltd. regarding the accounting firm for the year 2024, emphasizing the appointment and performance evaluation of the auditing firm, Lixin Certified Public Accountants [1][2][3]. Group 1: Basic Information of the Accounting Firm - Lixin Certified Public Accountants was founded in 1927 by Dr. Pan Xulun and is a member of the international accounting network BDO, with a registered address in Shanghai [1]. - As of the end of 2024, Lixin has 296 partners, 2,498 registered accountants, and a total of 10,021 employees, with 743 registered accountants having signed securities service audit reports [2]. Group 2: Appointment Procedures - On March 7, 2024, the company held its first meeting of the eighth Board Audit Committee and the annual general meeting, where it approved the reappointment of Lixin as the auditing firm for the 2024 financial report and internal control audit [2][3]. Group 3: Performance of the Accounting Firm - Lixin conducted the audit in accordance with the Chinese Certified Public Accountant Auditing Standards, issuing an audit report that confirmed the financial statements were prepared in accordance with accounting standards and fairly reflected the company's financial position as of December 31, 2024 [3]. - The audit committee communicated with Lixin regarding the independence of the audit team, audit plans, risk assessments, and other key audit matters throughout the audit process [2][3]. Group 4: Supervision by the Audit Committee - The audit committee held multiple meetings to discuss the audit work and preliminary audit opinions, ensuring that Lixin completed the audit work timely to facilitate the disclosure of the 2023 annual report [4][5]. - The audit committee evaluated Lixin's qualifications, professional capabilities, and independence, concluding that Lixin met the requirements for conducting the audit work [5][6]. Group 5: Overall Evaluation - The audit committee adhered to relevant regulations and effectively supervised Lixin, ensuring that the audit reports were timely, accurate, objective, and fair [6][7]. - Lixin demonstrated good professional ethics and business quality, completing the 2024 annual audit work in a timely manner [7].