Summary by Moomoo AI
FUJING CHINA HOLDINGS LIMITED (THE “COMPANY”) RECENTLY ANNOUNCED THE ESTABLISHMENT OF AN AUDIT COMMITTEE AND ANNOUNCED THE TERMS OF REFERENCE OF THE COMMITTEE. The Committee shall consist of at least three members, most of whom are independent non-executive directors, with at least one member having appropriate professional qualifications or relevant financial management knowledge. The term of office of a member of the Committee is the same as his or her term as a director and may be reappointed after the term expires. The committee's primary responsibilities include monitoring the company's financial statements, financial reporting system, risk management and internal monitoring systems, and establishing relationships with the company's auditors. THE COMMITTEE WILL ALSO BE RESPONSIBLE FOR REVIEWING...Show More