Beijing Xunzhong Communication Technology Co., Ltd. (Stock Code: 2597) has released its Audit Committee Terms of Reference to strengthen the oversight and decision-making functions of the Board of Directors. The document is designed to ensure effective supervision of management and maintain a sound corporate governance structure.

According to the Terms of Reference, the Audit Committee must consist of at least three directors, with the majority being independent directors. An independent director with appropriate accounting or financial management expertise chairs the committee. The committee’s key responsibilities include proposing the appointment or replacement of external auditors, guiding and supervising internal audits, reviewing the company’s financial reports, and monitoring the effectiveness of internal controls and risk management systems. It is also assigned to oversee related transactions, coordinate between internal and external auditors, and ensure that any issues identified during audits are addressed promptly.

Regular meetings of the Audit Committee are scheduled at least once every six months, and additional sessions may be convened if necessary. Meeting resolutions require a majority vote from all committee members. All members must attend in person or through written proxies, and any member with a direct or indirect interest in the discussion topic is required to recuse from voting. The Terms of Reference further specify that meeting minutes must be properly documented and maintained, and all attendees must keep proceedings confidential.

The newly released document emphasizes that the Audit Committee reports to the Board and submits major resolutions to the Board for consideration. Any matters arising that fall outside the provisions of the Terms of Reference but are governed by laws, rules, or the Articles of Association must be handled accordingly. This release underscores Beijing Xunzhong Communication Technology Co., Ltd.’s commitment to enhancing transparency and adherence to regulatory requirements.