Raymond Industrial Limited (the “Company”) has issued an updated Terms of Reference for its Audit Committee with effect from 7 November 2025. According to the announcement, the Audit Committee retains unrestricted access to the Company’s Board and senior management for fulfilling its duties. The Committee also holds the authority to secure independent professional advice, ensuring it is provided with adequate resources for reviewing key matters such as auditor appointment and remuneration.

The document outlines that the Audit Committee must consist solely of non-executive directors, with a minimum of three members. At least one member must be an independent non-executive director possessing relevant accounting or financial expertise. The Committee is tasked with communicating directly with external auditors to review and monitor vital areas, including the integrity of financial statements, the effectiveness of risk management and internal control systems, as well as arrangements for whistleblowing and fair investigation of possible improprieties. The updated Terms of Reference also clarify meeting procedures and reporting requirements, underscoring the Committee’s role in safeguarding transparency and accountability in the Company’s corporate governance.