Hebei Haiwei Electronic New Material Technology Co., Ltd. (Stock Code: 9609) has released a detailed set of rules that clarifies the functions and proceedings of its Audit Committee. According to the announcement, the Audit Committee comprises three non-executive directors, most of whom must be independent, with at least one possessing professional accounting qualifications.

The committee holds authority to propose the appointment or replacement of external auditors, coordinate both internal and external audits, and monitor financial reporting accuracy. It also supervises and evaluates the company’s internal control framework and risk management systems. The guidelines outline meeting procedures, including quorum requirements and documentation standards, as well as confidentiality obligations. The Audit Committee is mandated to meet at least quarterly and must report directly to the board of directors, further underscoring its integral role in ensuring financial and operational transparency.

Steps such as scheduling on-site reviews with external auditors, reviewing annual financial statements prior to board approval, and supervising the selection or removal of auditors are included among its core responsibilities. Any proposed changes in engagement with an accounting firm during the audit period are subject to additional scrutiny and must be voted on by the committee members. The committee will also oversee compliance with relevant listing rules, laws, and regulations to protect the interests of the company and its shareholders.