Beijing Energy International Holding Co., Ltd. (Stock code: 686) released an updated version of its Audit Committee Terms of Reference, effective from 27 February 2026. The revisions specify that the Committee is composed solely of non-executive directors, with at least one member who possesses accounting or related financial expertise. The Committee’s chairman must be an independent non-executive director appointed by the board.

The mandate outlines regular meetings, including at least two per year, with a quorum of two sitting members. It clarifies that meetings can occur in person or through electronic means, and decisions may be made by written resolutions signed by all members. The scope of authority covers access to company accounts and books, the ability to request management information, and the right to seek external professional advice when necessary.

Duties encompass monitoring the integrity of the company’s financial statements, examining financial controls and internal audit systems, and reviewing accounting policies and practices. The Committee also oversees the external auditor’s appointment and remuneration, evaluates auditor independence, and reviews auditors’ management letters and internal control recommendations. In addition, it ensures that proper mechanisms are in place for employees to confidentially raise concerns about improprieties in financial reporting or internal controls.

Minutes of Committee meetings are maintained by the designated secretary, and material issues are reported to the board promptly. The updated terms reinforce the Committee’s core objective of safeguarding shareholder interests by enhancing financial oversight and ensuring thorough review of internal controls and audit processes.