Beijing Haizhi Technology Group Co., Ltd. has officially released the Terms of Reference for its Audit Committee under the Board of Directors. The document outlines the principles guiding the committee, specifying that members must be non-executive directors, a majority of whom must be independent. At least one member must possess professional qualifications in accounting or related financial management expertise.

The Terms of Reference detail the Audit Committee’s core functions of overseeing internal and external audit processes, reviewing the company’s financial statements, monitoring risk management, and assessing internal controls. The committee holds regular quarterly meetings, with the option to convene additional sessions as needed. All members must vote on resolutions, and any changes pertaining to auditors or adjustments to financial reporting must be discussed collectively. The new framework aims to strengthen internal control, ensure effective governance, and promote transparent financial oversight within Beijing Haizhi Technology Group Co., Ltd.