Sigenergy Technology Co., Ltd. has released a comprehensive Terms of Reference and Rules of Procedures for its Audit Committee, defining governance, composition and oversight mandates.

The Audit Committee will comprise at least three non-executive directors, with a majority—and the chair—drawn from independent non-executive directors; at least one member must hold professional accounting or financial management credentials. Directors who were partners of the Company’s current audit firm must observe a two-year cooling-off period before joining.

Meetings are mandated at least twice per year, with a quorum of two members, including one independent director. Resolutions require a simple majority, and written resolutions signed by all members carry the same authority as those passed in formal sessions. The Company Secretary will serve as committee secretary, though the Committee may appoint additional qualified personnel if needed.

Key responsibilities include: • Recommending the appointment, reappointment or removal of external auditors, approving their remuneration, and monitoring independence and audit effectiveness. • Scrutinising the integrity of annual, interim and—if prepared—quarterly financial statements, with focus on accounting policy changes, major judgements, audit adjustments, going-concern assessments and regulatory compliance. • Overseeing financial controls, risk management and internal control systems; assessing adequacy of resources, staff qualifications and budgets for finance and reporting functions; and ensuring effective coordination between internal and external auditors. • Reviewing whistle-blowing arrangements, corporate governance policies, director and senior-management training, and the Company’s adherence to Hong Kong Listing Rules and related codes.

The Committee is empowered to inspect all company records, demand relevant financial information from management, and obtain independent professional advice at the Company’s expense. After each meeting, it will report directly to the Board, which retains responsibility for responding promptly to issues raised.

These measures reinforce Sigenergy’s commitment to robust corporate governance and enhance transparency for shareholders ahead of future reporting cycles.