Core Viewpoint - The document outlines the operational guidelines for the Audit Committee of Liaoning Chengda Co., Ltd., aiming to enhance corporate governance and ensure effective oversight of financial reporting and auditing processes [1][2]. Group 1: General Provisions - The Audit Committee is established to review financial information, supervise internal and external audits, and ensure compliance with relevant laws and regulations [1]. - Members of the Audit Committee must possess adequate time, expertise, and professional integrity to fulfill their responsibilities effectively [1][2]. Group 2: Composition of the Committee - The Audit Committee consists of three directors who are not senior management, with a majority being independent directors [2]. - The committee is chaired by a member with accounting expertise, elected by the board [2]. Group 3: Responsibilities and Authority - The main responsibilities include reviewing financial disclosures, supervising external audits, and evaluating internal controls [3][4]. - The committee must approve significant financial reports and changes in accounting policies before submission to the board [3][4]. Group 4: Internal and External Audit Oversight - The committee is responsible for selecting external auditors and evaluating their performance annually [4][5]. - It must also oversee the internal audit process, ensuring that internal controls are effective and any deficiencies are addressed [5][6]. Group 5: Meeting Procedures - The Audit Committee is required to meet at least quarterly, with provisions for additional meetings as necessary [9][10]. - A quorum of two-thirds of the members is needed for meetings, and decisions must be made by a majority vote [9][10]. Group 6: Reporting and Documentation - The committee must maintain detailed records of meetings and decisions, which should be preserved for at least ten years [11]. - Annual reports on the committee's activities must be disclosed to the Shanghai Stock Exchange alongside the company's annual report [11][12].

Core Viewpoint - The establishment and operation of the Audit Committee of Shenzhen Guangfeng Technology Co., Ltd. aim to enhance internal control, ensure effective supervision by the board of directors, and improve corporate governance structure [1]. Group 1: General Provisions - The Audit Committee is a specialized working body established by the board of directors, responsible for communication and coordination of internal and external audits, supervising the implementation of internal audit systems, and reporting to the board [1][2]. - The committee members must dedicate sufficient time and effort to fulfill their responsibilities effectively [2]. Group 2: Composition of the Committee - The Audit Committee consists of at least three directors, with a majority being independent directors, and the chairperson must be a qualified accounting professional [6][7]. - The term of the committee members aligns with that of the board, with independent directors limited to a maximum of six consecutive years [7][8]. Group 3: Responsibilities and Authority - The main responsibilities of the Audit Committee include reviewing financial information, supervising internal and external audits, and ensuring compliance with laws and regulations [11][12]. - The committee is tasked with evaluating the independence and professionalism of external auditors and proposing their appointment or dismissal [14][15]. Group 4: Internal Control and Audit - The Audit Committee supervises the internal audit department, ensuring it operates effectively and reports on significant issues [17][18]. - The committee is responsible for assessing the effectiveness of internal controls and ensuring timely rectification of any identified deficiencies [19][20]. Group 5: Meeting Procedures - The Audit Committee must hold at least one regular meeting each quarter, with provisions for special meetings as needed [33][34]. - Decisions require a majority vote from attending members, and detailed records of meetings must be maintained for at least ten years [45][46].

Core Viewpoint - The meeting emphasized the importance of audit supervision in enhancing government efficiency, creating a favorable business environment, and promoting high-quality economic and social development [1] Group 1: Audit Supervision Importance - Audit is a crucial part of the party and state supervision system, significantly impacting government work efficiency and economic development [1] - The audit authority should focus on major strategies, initiatives, and projects, revealing existing problems and risks [1] Group 2: Audit Rectification - Audit rectification is essential for effective audit supervision, requiring all levels to accept and implement audit recommendations seriously [1] - Audited entities must take primary responsibility for rectification, while relevant departments should fulfill their supervisory roles [1]

Core Viewpoint - The eighth meeting of the 13th Municipal Audit Committee in Hangzhou focused on implementing Xi Jinping's important statements on audit work and the spirit of his inspection in Zhejiang, aiming to enhance audit supervision and support high-quality development [1][2]. Group 1: Audit Work and Responsibilities - The Municipal Audit Committee has made significant progress in economic supervision, safeguarding livelihoods, and promoting reforms in line with central and provincial directives [1]. - Emphasis was placed on strengthening the supervision of policy execution, financial funds, and the operation of power, while ensuring comprehensive audit responsibilities are fulfilled [1][2]. Group 2: Strategic Focus Areas - The committee aims to enhance audit supervision capabilities in key areas such as major project construction, decision-making, risk prevention, and improving public welfare [2]. - There is a commitment to deepen the audit supervision of state-owned enterprises and capital, ensuring high-quality audits support high-quality development [2]. Group 3: Improvement and Development - The initiative of "scientific and normative enhancement year" will be adopted to prioritize quality and deepen digital empowerment in audit processes [2]. - The committee plans to implement a clear responsibility for rectification, ensuring that audit results translate into governance effectiveness [2]. Group 4: Capacity Building - Strengthening the internal construction of audit institutions is seen as a foundational project, with a focus on professional development and building a reliable audit team [2].

General Principles - The purpose of the audit committee is to enhance the supervision of the company's financial information, internal control, and auditing processes, establishing a robust internal supervision mechanism [1] - The company must provide necessary working conditions and resources for the audit committee, ensuring that management and relevant departments cooperate with the committee's duties [1][2] Composition and Qualifications - The audit committee is composed of members elected by the board of directors, including employee representatives [1][2] - Members must possess professional knowledge, experience, and integrity to effectively supervise and evaluate internal and external audit work [2] Responsibilities and Authority - The audit committee is responsible for recommending the hiring or replacement of external auditors and reviewing their fees and terms without undue influence from major shareholders or management [3][5] - It supervises and evaluates the internal audit work, ensuring that internal auditors report significant issues directly to the committee [4][6] - The committee reviews the company's financial reports, focusing on the accuracy and completeness of financial information and addressing any potential fraud or misstatements [4][5] Oversight of Auditors - The audit committee oversees the hiring of external auditors and evaluates their performance, ensuring compliance with industry standards [5][6] - It is tasked with guiding internal audit institutions in conducting checks and evaluations of internal controls and risk management [6][7] Meeting Procedures - The audit committee must hold at least one regular meeting each quarter and can convene additional meetings as necessary [9][10] - Decisions require a majority vote from committee members, and members with conflicts of interest must recuse themselves from discussions [10][11] Reporting and Documentation - The audit committee is required to report its annual performance and activities alongside the company's annual report [2][4] - Meeting records and related documents must be accurately maintained for a period of ten years [11][12]

Core Points - The company establishes an audit committee to enhance internal control and governance structure [1] - The audit committee consists of three directors, with a majority being independent directors, including at least one accounting professional [3][4] - The audit committee is responsible for supervising internal and external audits, evaluating financial information, and ensuring compliance with laws and regulations [5][6] Group 1: Audit Committee Structure - The audit committee is a specialized committee under the board of directors, responsible for overseeing internal and external audits [1] - The committee members must dedicate sufficient time and effort to fulfill their responsibilities effectively [1] - The committee is required to have a chairperson who is an independent director with accounting expertise [3] Group 2: Responsibilities and Powers - The audit committee's main responsibilities include supervising external audit work, evaluating internal audit processes, and reviewing financial disclosures [5][6] - The committee has the authority to propose the hiring or replacement of external auditors and to review financial reports for accuracy and completeness [10][12] - The committee must report any violations of laws or regulations by directors or senior management to the board [16] Group 3: Meeting Procedures - The audit committee must hold at least one regular meeting each quarter, with additional meetings as necessary [10] - A quorum for meetings requires the presence of at least two-thirds of the members [10] - Meeting records must be kept, and all members are bound by confidentiality regarding the discussed matters [29]

General Overview - The implementation rules for the Audit Committee of Phoenix Optical Co., Ltd. have been revised in 2025 to clarify the responsibilities and operational norms of the committee, ensuring compliance with relevant laws and regulations [1][2]. Composition of the Audit Committee - The Audit Committee consists of three directors appointed by the Board, including two independent directors, with at least one being a professional in accounting [4]. - The committee's members must possess the necessary professional knowledge and business experience to fulfill their responsibilities [5]. - The committee is led by a chairperson who is an independent director with accounting expertise [6]. Responsibilities and Authority - The main responsibilities of the Audit Committee include supervising and evaluating external and internal audit work, proposing the hiring or replacement of external audit firms, and ensuring effective internal controls and accurate financial reporting [3][10]. - The committee must approve certain matters, such as financial report disclosures and significant accounting policy changes, before submission to the Board [9][10]. - The committee is tasked with reviewing the company's financial reports for accuracy and completeness, focusing on significant accounting issues and potential fraud [12]. Meeting Procedures - The Audit Committee is required to hold regular meetings at least quarterly, with provisions for special meetings as needed [16]. - A quorum for meetings requires the presence of at least two-thirds of the committee members, and decisions must be made by a majority vote [17][19]. - Meetings can be conducted in person or via other communication methods, ensuring all members can participate effectively [18]. Information Disclosure - The company must disclose the composition and professional background of the Audit Committee members, as well as their performance in fulfilling their duties [25][26]. - Any significant issues identified by the committee that meet disclosure standards must be reported promptly [27][28]. Implementation and Amendments - The implementation rules take effect upon approval by the Board and will be amended as necessary to comply with future laws and regulations [30][31].

Core Points - The meeting emphasized the importance of implementing Xi Jinping's directives on audit work, focusing on political leadership and enhancing audit supervision effectiveness [1][4] - The audit agencies have played a positive role in promoting economic development, policy implementation, and revealing risks, while acknowledging existing shortcomings [4] - There is a strong focus on auditing policy execution, financial fund supervision, and key reform initiatives to ensure compliance and address issues effectively [4][5] Group 1 - The meeting highlighted the need for all levels of government to recognize the political attributes and functions of audit supervision [4] - Emphasis was placed on tightening the audit of major policies and projects, including the "three high grounds" and global R&D center city construction [4] - The meeting called for a focus on public service areas such as education, healthcare, employment, and housing through special audits [4] Group 2 - The meeting stressed the importance of accountability and the need for a coordinated approach to problem identification and audit rectification [5] - Audit agencies are expected to adhere to higher standards and strengthen political leadership while improving their capabilities [5] - Local party committees are urged to enhance leadership over audit work and ensure that audit findings are addressed effectively [5]

Core Points - The document outlines the rules for the Risk Management and Audit Committee of Guorui Technology Co., Ltd, aiming to enhance corporate governance and decision-making processes [1][2]. Group 1: General Provisions - The committee is established to review financial information, supervise internal and external audits, and ensure effective risk management [1]. - The company provides necessary working conditions for the committee, with management and relevant departments cooperating to support its functions [1]. Group 2: Composition of the Committee - The committee consists of at least three directors who are not senior management, appointed by the board [2]. - A majority of the committee members must be independent directors, with at least one having professional accounting experience [2][3]. Group 3: Responsibilities and Authority - The committee's responsibilities include supervising external audits, evaluating risk management, reviewing financial disclosures, and ensuring internal controls are effective [3][4]. - The committee must approve significant financial reports and the hiring or dismissal of external auditors before submission to the board [4][5]. Group 4: Meeting Procedures - The committee is required to meet at least quarterly, with provisions for special meetings as needed [8][9]. - Meeting records must be maintained for at least ten years, and all attendees are bound by confidentiality obligations [9][10]. Group 5: Disclosure Requirements - The company must disclose the composition and professional background of the committee members, as well as its annual performance [10][11]. - Any significant issues identified by the committee that meet disclosure standards must be reported promptly [11].

Core Points - The article outlines the establishment and operational rules of the Audit Committee of Gravity Media Co., Ltd, aimed at enhancing the decision-making capabilities of the board and ensuring effective supervision of financial and operational activities [1][2]. Group 1: General Provisions - The Audit Committee is established to strengthen the board's decision-making function and ensure effective supervision of financial and operational activities [1]. - The committee is responsible for communication, supervision, and verification of internal and external audits [2]. Group 2: Composition of the Committee - The Audit Committee consists of three directors, with independent directors making up more than half, including at least one accounting professional [3][4]. - Members must possess the necessary professional knowledge and business experience to fulfill their responsibilities [3]. Group 3: Responsibilities and Authority - The committee is responsible for reviewing financial information, supervising internal and external audits, and assessing internal controls [4][5]. - It has the authority to supervise and evaluate the work of external audit firms and guide internal audit activities [5][6]. Group 4: Work Procedures - The Audit Department is responsible for daily operations and must report to the Audit Committee [9]. - The committee must hold at least one meeting per quarter and can convene additional meetings as necessary [11][12]. Group 5: Information Disclosure - The company must disclose the composition and professional background of the Audit Committee members [13][14]. - Significant issues identified by the committee that meet disclosure standards must be reported promptly [13][14]. Group 6: Annual Report Procedures - The Audit Committee must collaborate with external auditors during the annual report preparation and ensure compliance with relevant regulations [15][16]. - The committee is responsible for evaluating the performance of the external auditors and making recommendations for their reappointment or replacement [16].