CTG DUTY-FREE (01880) audit department head Ms. Dou Xiaoqiong stated: "Audit is not only about 'error detection and correction,' but also serves as a 'governance radar' and 'value guardian.'" In a recent interview, Ms. Dou Xiaoqiong emphasized that "the core of CTG DUTY-FREE's audit work is to promote governance improvement, management enhancement, and risk convergence, truly achieving 'audit one item, standardize one area, improve one domain.'"

**Governance Foundation: Audit as the "Institutional Cage" for Power Operations**

"Corporate governance is not an abstract concept; it manifests in every deliberative rule, every authorization execution, and every business transaction," Ms. Dou stated directly. The CTG DUTY-FREE audit department reports directly to the Party Committee and Board of Directors, establishing an independent, objective, and authoritative audit system under the leadership of the Chairman and Party Secretary.

In 2024, the Audit and Risk Management Committee and the Supervisory Board held 11 meetings and reviewed 31 agenda items, institutionally preventing "one-person decision-making" and promoting continuous optimization of governance structure.

"We are advancing a dual mechanism of 'mandatory audit upon departure' plus 'audit during tenure,' conducting specialized audits for specific issues. We not only examine results but also manage processes and observe regular practices, truly committed to putting power into the institutional cage."

**Risk Control Loop: From "Post-Event Error Detection" to "Pre-Event Warning**

"Risk control cannot wait to 'fight fires after they start,' but must 'install smoke detectors in advance,'" Ms. Dou analogized.

CTG DUTY-FREE audit has consistently maintained a risk-oriented approach and upgraded to "research-oriented audit." In 2024, multiple rounds of risk assessments were conducted focusing on key areas such as inventory, funds, engineering, and joint ventures, aiming to achieve early risk detection and early intervention.

Audit is not about finding faults, but about promoting management loops and helping enterprises "heal and strengthen," treating existing problems and preventing future ones, adding value to enterprise management.

**Management Empowerment: Audit as "Value Creator"**

"Many people think audit is about nitpicking, but audit is actually the company's 'management doctor,' serving as the third eye of company management, responsible for both diagnosis and prescription," Ms. Dou analyzed the other side of auditing.

Focus on management pain points—such as ineffective assets, capital deposits, engineering cost overruns, and procurement management loopholes—through audit discovery of management risks, promoting management process optimization and cost savings.

CTG DUTY-FREE continuously emphasizes the application of audit results, with audit reports serving as important references for operational assessment and personnel appointments, significantly enhancing correction rigidity.

After nearly twenty years of development and improvement, CTG DUTY-FREE's audit department is transforming from a single "supervisory type" to a comprehensive "service type," continuously becoming a catalyst for management upgrades and an important tool for company management.

**Public Trust Defense: Audit as the "Ballast Stone" of Trust**

"Whether information disclosure is truthful and compliant, whether investments are safe and efficient—these are investors' greatest concerns and important tasks for audit work," Ms. Dou stated seriously.

In 2024, CTG DUTY-FREE completed high-quality disclosure documents on schedule, including the "Audit Committee Performance Report," "Supervisory Board Report," and "Risk Assessment Report." Audit results played an important role in supporting the company's high-quality information disclosure and market credibility.

CTG DUTY-FREE is building a "multi-dimensional integrated" comprehensive supervision framework, integrating five major functions: audit, disciplinary inspection, supervision, legal affairs, and risk control, forming supervisory synergy. This is not only for compliance but also to win long-term market trust.

**The Way of Audit: Foundation Stone for CTG DUTY-FREE's Progress**

Ms. Dou pointed out: "We must not only be discoverers of problems but also promoters of solutions; not only defend operational bottom lines but also empower value growth."

Looking forward, CTG DUTY-FREE audit will continue deepening transformation: from "partial audit" to "comprehensive audit," from "supervisory type" to "strategic collaborative type," deeply integrating with the company's development trajectory to build resilient barriers for high-quality growth.