Core Viewpoint - The company, Lianzhong (06899 HK), has disclosed its financial results after a year and a half of suspension, revealing a significant decline in revenue and an increase in losses for the mid-term of 2025 [1][5]. Financial Performance - For the mid-term of 2025, Lianzhong reported revenue of 43.236 million, a year-on-year decrease of 13.8% [1]. - The loss attributable to equity holders for the period was 38.161 million, representing a 93% increase compared to the previous year [1]. - The basic loss per share was 3.56 cents [1]. Operational Insights - The decline in revenue was primarily due to a decrease in average revenue per user (ARPU) in the Lianzhong game hall, despite stable performance in the mobile gaming segment [1]. - The increase in overall losses was attributed to higher sales and new product development expenses, as well as significant costs related to the company's resumption of trading and legal fees from a joint venture [1]. Corporate Governance Issues - The company faced delays in publishing its 2023 annual report due to concerns that the unaudited management accounts might not accurately reflect its financial performance [2]. - In May 2024, Lianzhong announced further delays in the 2023 annual report due to unresolved matters involving payments made by the former CEO to former directors [5]. - An internal investigation revealed that approximately 8.38 million was paid by the former CEO for legal fees and severance payments, which were not correctly recorded in the financial statements for the fiscal years 2021-2022 [5]. Suspension and Compliance - Despite resolving internal control issues, Lianzhong remains suspended from trading and will continue to be until it meets all resumption guidelines set by the Hong Kong Stock Exchange [7]. - The suspension has lasted for a year and a half, and if trading is not resumed by September 27, 2025, the company may face delisting risks [7].

General Provisions - The purpose of the audit committee's work rules is to strengthen the decision-making function of the board of directors, ensure effective supervision of the management, and improve the corporate governance structure [1] - The audit committee is a specialized working body approved by the shareholders' meeting, responsible for communication, supervision, and verification of internal and external audits, reporting to the board of directors [1] Composition of the Committee - The audit committee consists of three directors who are not senior management, with at least one independent director being a professional accountant [3] - The chairperson of the audit committee must be an independent director with relevant accounting or financial management experience [3] Responsibilities and Authority - The main responsibilities of the audit committee include supervising and evaluating external and internal audit work, reviewing financial reports, and assessing internal controls [9] - The committee has the authority to propose the hiring or replacement of external audit firms and to supervise their work [10][11] Meetings - The audit committee must hold at least four regular meetings each year, with additional temporary meetings as needed [18][19] - A quorum for meetings requires the presence of at least two-thirds of the committee members [20] Information Disclosure - The company must disclose the composition and professional background of the audit committee members, as well as any changes in personnel [32] - The audit committee's annual performance must be disclosed alongside the company's annual report [33] Annual Report Procedures - The audit committee is responsible for reviewing the company's annual financial statements and ensuring compliance with auditing standards [37][38] - The committee must evaluate the performance of the external auditor and provide recommendations for reappointment or replacement [45][46]

Group 1 - The company will hold its first extraordinary general meeting of shareholders for 2025 on September 12, 2025, at 13:30 [4][5] - The meeting will be conducted in a combination of on-site and online voting, with shareholders required to register before attending [2][3][6] - The agenda includes two main proposals: increasing the estimated amount for daily related party transactions for 2025 and appointing the financial audit and internal control audit institutions for 2025 [4][11][23] Group 2 - The proposal to increase the estimated amount for daily related party transactions is based on the company's operational needs, with an increase from an estimated total of RMB 128 million to RMB 143.5 million [12][22] - The related parties involved include China Information Communication Technology Group Co., Ltd., and several subsidiaries, with the transactions being normal business activities that do not affect the company's independence [20][21][22] - The company plans to continue using Deloitte Touche Tohmatsu Certified Public Accountants LLP as its financial audit and internal control audit institution for 2025, ensuring continuity and familiarity with the company's operations [23][24][28]

Core Viewpoint - The audit report for Sunrise Eastern Holdings Co., Ltd. indicates that the financial statements for the year ending December 31, 2024, fairly reflect the company's financial position and operating results in accordance with accounting standards [1][2]. Group 1: Audit Opinion - The audit firm believes that the financial statements present a true and fair view of the company's financial status and performance for the year [1]. - The audit was conducted in accordance with Chinese auditing standards, ensuring independence and adherence to ethical responsibilities [2]. Group 2: Key Audit Matters - Revenue recognition is identified as a key audit matter due to the inherent risk of management manipulating revenue recognition to meet specific targets [3]. - The company operates in various sectors including water heaters, kitchen appliances, clean energy heating, and water purification, with revenue recognition methods varying by business type [3][4]. Group 3: Revenue Recognition Procedures - The audit procedures for revenue recognition included evaluating internal controls, performing analytical procedures, and verifying sales records against supporting documents [4][5]. - Specific methods were employed to assess revenue from different sales models, including dealer, project, e-commerce, and export sales [4][5]. Group 4: Management Responsibilities - The management is responsible for preparing financial statements that fairly reflect the company's financial position and for maintaining effective internal controls [5]. - Management must assess the company's ability to continue as a going concern and disclose relevant matters [5]. Group 5: Financial Reporting and Accounting Policies - The company prepares its financial statements based on the going concern assumption and adheres to relevant accounting standards [12][13]. - Important accounting policies and estimates are established in accordance with accounting standards, ensuring the financial statements reflect the company's financial condition accurately [12][13]. Group 6: Company Overview - Sunrise Eastern Holdings Co., Ltd. was established in April 1997 and has undergone several capital increases, with the current registered capital being 813,278,001 RMB [11][12]. - The company primarily engages in the research, production, and sales of water heaters, kitchen appliances, clean energy heating, and water purification products under various brands [11][12].

General Principles - The purpose of the implementation rules is to enhance the company's risk management, internal control, and audit system, ensuring effective supervision of financial information and protecting shareholder rights [1][2] - The Audit Committee is established as a specialized working body of the Board of Directors, responsible for reviewing financial information and supervising internal and external audits [1][2] Composition of the Audit Committee - The Audit Committee consists of three members appointed by the Board of Directors, with a majority being independent directors and a professional accountant serving as the chairperson [2][3] - Members must possess relevant professional knowledge and experience to effectively oversee and evaluate audit work [2][3] Responsibilities and Authority - The Audit Committee is responsible for reviewing financial information, supervising external audit work, and assessing internal controls [4][5] - Key responsibilities include proposing the hiring or replacement of external auditors, reviewing financial reports, and ensuring compliance with laws and regulations [4][5][6] - The Committee must approve certain matters before submission to the Board, including financial disclosures and the hiring of auditors [10][11] Internal Audit Oversight - An internal audit department operates under the Audit Committee, which supervises its activities and ensures effective internal control [7][8] - The Committee is tasked with reviewing the internal audit plan and ensuring that significant issues are reported to the Board [8][9] Meeting Procedures - The Audit Committee must meet at least quarterly, with additional meetings called as necessary [13][14] - Decisions require a majority vote, and members must disclose any conflicts of interest [26][27] Reporting and Accountability - The Audit Committee is accountable to the Board and must report on its activities, including evaluations of external auditors [15][16] - The Committee can propose the convening of temporary shareholder meetings if necessary [21][22] Implementation and Amendments - The rules take effect upon approval by the Board and can be amended following the same process [33][34]

Audit Report - The audit opinion states that the financial statements of Hunan Xiangtou Yuanling Gaotan Power Co., Ltd. fairly reflect the financial position as of December 31, 2023, December 31, 2024, and March 31, 2025, as well as the operating results and cash flows for the years 2023, 2024, and the first three months of 2025 [2][3]. Financial Statements Balance Sheet - The company’s fixed assets as of December 31, 2023, December 31, 2024, and March 31, 2025, amounted to RMB 12,009.43 million, representing 57.60%, 59.86%, and 57.64% of total assets, respectively [4]. Income Statement - The company’s operating revenue primarily comes from electricity sales, with significant inherent risks related to revenue recognition due to management's potential for inappropriate revenue recognition to meet specific targets [3][4]. Cash Flow Statement - The cash flow statement reflects the company's liquidity and operational efficiency, although specific figures are not detailed in the provided text [6]. Statement of Changes in Equity - The company’s equity changes include capital contributions and retained earnings adjustments, with a total equity of RMB 124,477.859 million as of the latest reporting period [6]. Key Audit Matters Revenue Recognition - Revenue recognition is identified as a key audit matter due to the significant risk of misstatement in operating revenue, which is crucial for performance metrics [3][4]. Fixed Assets - Fixed assets are also a key audit matter due to their substantial investment scale and long return periods, making verification of existence and ownership challenging [4][5]. Management Responsibilities - The management is responsible for preparing financial statements in accordance with accounting standards and ensuring that the financial statements are free from material misstatement due to fraud or error [5][6]. Company Overview - Hunan Xiangtou Yuanling Gaotan Power Co., Ltd. was established on April 7, 2000, and is primarily engaged in hydropower generation [6][7]. The company operates under the continuous operation assumption, with no significant doubts regarding its ability to continue as a going concern [6][7].

General Overview - The company establishes the Board Audit Committee to enhance decision-making, improve internal controls, and ensure effective supervision of the management team [2][3] Committee Structure and Composition - The Audit Committee consists of three directors, with independent directors making up at least half of the committee, including one professional accountant [4] - The committee is nominated by the chairman, more than half of the independent directors, or one-third of all directors, and elected by the board [4] - The term of the Audit Committee members aligns with that of other directors, not exceeding three years, with independent directors limited to six consecutive years [4] Responsibilities and Authority - The main responsibilities of the Audit Committee include reviewing financial information, supervising external and internal audits, and evaluating internal controls [6][7] - The committee must approve significant financial disclosures and the hiring or dismissal of external auditors before submission to the board [12] - The committee has the authority to inspect company finances, supervise management actions, and propose temporary board or shareholder meetings if necessary [20][21] Meeting Procedures - The Audit Committee holds regular meetings at least quarterly, with provisions for special meetings as needed [16][17] - Decisions require a majority vote, and members must disclose any conflicts of interest [29] Disclosure Requirements - The company is required to disclose the composition and professional background of the Audit Committee members, as well as their annual performance [33][34] - Any significant issues identified by the committee that meet disclosure standards must be reported promptly [35][36]

Core Points - The article outlines the operational guidelines for the Audit Committee of Zhejiang Hengtong Holdings Co., Ltd, aiming to enhance corporate governance and ensure effective internal and external audit processes [1][2][3] Group 1: General Provisions - The Audit Committee is established to oversee communication, supervision, and verification of internal and external audits, reporting directly to the Board of Directors [2][3] - The committee is supported by an Internal Control Audit Department responsible for daily operations and ensuring the authenticity and legality of financial reports [3][4] Group 2: Composition - The Audit Committee consists of three directors who are not senior management, including two independent directors, with at least one being an accounting professional [4][5] - The committee is elected by the Board and has a term of three years, aligning with the Board's term [5][6] Group 3: Responsibilities and Authority - The main responsibilities include selecting and evaluating external audit firms, supervising internal audits, reviewing financial information, and ensuring effective internal controls [9][10] - The committee must approve significant financial disclosures and changes in accounting policies before submission to the Board [10][11] Group 4: Decision-Making Procedures - The Internal Control Audit Department prepares necessary documentation for the committee's decisions, including financial reports and audit evaluations [11][12] - Meetings are held regularly, with at least one meeting per quarter, and require a two-thirds majority for decisions [14][15] Group 5: Information Disclosure - The company is required to disclose the composition and professional background of the Audit Committee members, as well as their annual performance [16][17] - Any significant issues identified by the committee that meet disclosure standards must be reported promptly [17][18]

Core Points - The board of directors of Goldwind Technology held its third meeting of the ninth session on August 22, 2025, in Beijing, with all nine directors present, including one proxy [1] - The meeting approved several important resolutions, including the half-year report and the audit remuneration for 2025, with unanimous support from all directors [2][3] Summary by Categories Financial Reports - The board approved the half-year report with a voting result of 9 in favor, 0 against, and 0 abstentions, indicating strong support for the financial disclosures [2] - The financial report has been reviewed by the company's audit committee and is available on designated information disclosure websites [2] Audit Remuneration - The board approved the audit remuneration for 2025, totaling RMB 12.55 million, which includes RMB 9.6 million for the financial report audit, RMB 850,000 for internal control audit, and RMB 2.1 million for the half-year report review [2] Internal Audit System - The board also approved the internal audit system, with the same unanimous voting result, reflecting the company's commitment to governance and compliance [2][3]

Core Viewpoint - The article outlines the working rules and responsibilities of the Audit Committee of Hangzhou Dahong Technology Co., Ltd, emphasizing its role in overseeing financial information, internal controls, and audit processes to enhance corporate governance [1][3]. Group 1: General Provisions - The Audit Committee is established according to relevant laws and regulations, including the Company Law of the People's Republic of China and the Shanghai Stock Exchange's listing rules, to strengthen internal supervision and governance [1]. - The committee is responsible for reviewing financial information, supervising internal and external audits, and ensuring the accuracy and completeness of financial reports [1][3]. Group 2: Composition of the Committee - The Audit Committee consists of three directors, including two independent directors, with at least one being a professional accountant [2]. - The chairman of the committee must be an independent director with accounting expertise, elected by committee members and reported to the board [2]. Group 3: Responsibilities and Authority - The main responsibilities include reviewing financial statements, supervising management actions, proposing shareholder meetings, and evaluating internal controls and audit processes [3][4]. - The committee must approve significant financial disclosures and changes in accounting policies before submission to the board [10][11]. Group 4: Decision-Making Procedures - The Audit Committee meetings are held quarterly, with at least four meetings annually, and require a two-thirds attendance for valid resolutions [17][18]. - Meeting records must be maintained for at least ten years, detailing attendance, agenda, and decisions made [23][24]. Group 5: Additional Provisions - The working rules are effective upon board approval and are subject to modification as per legal and regulatory requirements [28][29].