Shenzhen Expressway Corporation Limited has officially released its Audit Committee Working Regulations, setting detailed guidelines for the composition, authority, and responsibilities of the Board’s Audit Committee. According to the announcement, the Committee aims to enhance communication between internal and external auditors, review financial information and disclosures, and supervise and evaluate internal controls. The document notes that the Committee reports directly to the Board and is empowered to inspect finances, supervise director and senior management conduct, and propose corrective measures when necessary.

The newly outlined regulations specify that the Audit Committee shall consist of three to five members, the majority being independent directors, and must include an accounting professional who also serves as the chairman. Members are expected to possess sufficient professional knowledge, work experience, and ethical standards to fulfill duties such as reviewing the company’s financial reports, overseeing external auditors, and coordinating with the internal audit department. The regulations detail procedures for appointing new members, convening meetings, and documenting decisions, emphasizing that Committee resolutions require more than half of all members’ approval.

The announcement affirms that the Audit Committee will regularly supervise internal control inspections, ensure sufficient resources for effective auditing, and review important corporate matters such as the use of raised capital, guarantee provisions, and related-party transactions. The regulations clarify that all costs tied to the Committee’s duties are borne by the company, and the Committee’s operational details—including meeting frequency and mandatory reporting to the Board—are structured to uphold stringent standards of transparency and accountability.

The updated regulations will become effective upon the Board’s approval, and Shenzhen Expressway Corporation Limited will include the Committee’s annual performance and meeting details in its annual report for shareholders’ reference.