SHEIN Global Holdings Limited released the formal terms of reference for its newly established Audit Committee, following a Board resolution dated 13 August 2026. The charter outlines the committee’s mandate to strengthen financial reporting quality, risk management and internal control, and auditor relations.

The committee will comprise a minimum of three non-executive directors, with independent directors forming the majority and at least one member holding professional accounting or related financial management expertise in line with Hong Kong Listing Rule 3.10(2). A former partner of the company’s current auditing firm is barred from membership for two years after stepping down, safeguarding auditor independence.

An independent non-executive director will chair the committee. Meetings must be held at least twice a year, with the right for any committee member, the Board, or the external auditor to call additional sessions when necessary. A quorum of two members applies, and minutes will be maintained for Board inspection.

Key duties include recommending the appointment, remuneration, and removal of the external auditor; monitoring audit independence and effectiveness; scrutinising annual, half-yearly, and any quarterly financial statements; and reviewing accounting policy changes, judgmental areas, significant adjustments, and going-concern assumptions. The committee will also assess the adequacy of financial controls, risk management, and internal control systems, ensuring sufficient resources, qualified staff, and appropriate budgets for the finance function.

Authority provisions allow unrestricted access to management, employees, and external professional advice at the company’s expense. The committee must meet auditors privately at least once a year and will act as the key liaison between the Board and the external auditor. Any divergence between the Board and committee on auditor matters will be disclosed in the corporate governance report.

The chairperson—or delegate—will attend the annual general meeting to address shareholder questions on the committee’s work, while the committee will annually evaluate its own effectiveness and recommend Charter revisions to the Board as needed.