Beijing Jingcheng Machinery Electric Company Limited (Stock Code: 0187) has established an Audit Committee under its Board of Directors, aiming to enhance pre-audit processes, ensure thorough oversight of management, and strengthen the company’s overall corporate governance structure. The Terms of Reference detail the committee’s responsibilities, which include reviewing and disclosing financial information, overseeing both external and internal audit activities, and evaluating the internal control system.

According to the announcement, the Audit Committee holds authority to propose the appointment or replacement of external auditors, supervise internal audit work, and coordinate between internal and external audits. The company’s Audit Legal Department serves as the secretariat, handling the committee’s daily operations. The Terms of Reference indicate that they will take effect once approved by the Board of Directors, with implementation scheduled for January 2026. The committee’s creation and its defined duties are aligned with relevant laws, regulations, and the company’s Articles of Association, enhancing the efficacy and transparency of the company’s financial reporting and governance practices.