Wuhan Dazhong Dental Medical Co., Ltd. released its updated Audit Committee Terms of Reference to strengthen the Board’s decision-making function, enhance internal controls, and improve corporate governance. According to the document, the Audit Committee is integral in reviewing financial data, overseeing external and internal audits, and communicating with external auditors. The Committee must comprise at least three non-executive directors, with the majority being independent non-executive directors.

A key focus is ensuring the accuracy and completeness of the Company’s financial statements. The Committee will evaluate accounting policies, monitor financial disclosure, and supervise the effectiveness of internal controls. It also oversees the appointment, re-appointment, or dismissal of external auditors, and ensures audit objectives and schedules are met efficiently.

Regular Audit Committee meetings will be held at least twice a year, with additional sessions convened if necessary. The document specifies that the Committee has the authority to coordinate with relevant departments and engage external experts when needed. Meeting minutes must be kept for no less than 10 years. These terms communicate structured procedures for overseeing financial integrity and risk management to uphold high standards of corporate governance.