Orient Securities Company Limited, carrying on business as DFZQ (Stock Code: 03958), has revised its Audit Committee Terms of Reference to strengthen corporate governance and ensure compliance with relevant regulations, including the Company Law of the People’s Republic of China and the Hong Kong Listing Rules.

The document stipulates that the Audit Committee consists of three to five directors, with a majority being independent non-executive directors who do not hold senior management positions. It clarifies the committee’s mandate to oversee the company’s internal and external audit functions, promote effective internal control, and supervise disclosure of financial reports. Key responsibilities include reviewing financial statements, supervising the completeness and accuracy of financial information, monitoring the external auditor’s objectivity, and evaluating the company’s internal control system.

Under the revised framework, the Audit Committee is tasked with ensuring that directors and senior management comply with laws, regulations, and the articles of association. The terms also set out meeting procedures, including regular quarterly sessions, provisions for convening extraordinary meetings, and the mechanism for seeking professional advice from external parties when necessary. The updated Terms of Reference take immediate effect following the Board’s approval, with the previous version being repealed simultaneously.