Anjoy Foods Group Co., Ltd. announced an updated Terms of Reference for its Audit Committee, effective November 2025. The revised guidelines aim to strengthen the Board’s decision-making capabilities, ensure thorough supervision of the senior management, and reinforce corporate governance practices. The Audit Committee’s responsibilities include reviewing the Company’s financial disclosures, supervising and assessing both internal and external audits, and overseeing the internal control system.

According to the revised requirements, the Audit Committee consists of five non-executive directors, with a majority serving as independent directors. At least one member is required to have a professional accounting background. The chairperson, also an independent director with accounting expertise, is responsible for convening meetings and providing leadership. The Audit Committee has the authority to supervise important decisions such as appointing or dismissing external auditors, monitoring risk management measures, and reviewing connected transactions to ensure compliance with regulations.

The updated Terms of Reference emphasize accurate financial disclosures, transparent communication with external auditors, and continuous oversight of the Company’s accounting and internal control systems. The revisions will take effect upon approval by the shareholders’ meeting, and the Implementation further underscores Anjoy Foods Group Co., Ltd.’s commitment to safeguarding the interests of shareholders and maintaining sound corporate governance practices.