Summary by Moomoo AI
NEW FOCUS AUTOMOTIVE TECHNOLOGY HOLDINGS LIMITED (NEW FOCUS) REVISED THE TERMS OF REFERENCE OF THE AUDIT COMMITTEE ON 28 MARCH 2024 TO COMPLY WITH THE LATEST AMENDMENTS TO THE SECURITIES LISTING RULES OF THE HONG KONG STOCK EXCHANGE LIMITED, WHICH WILL TAKE EFFECT FROM 31 DECEMBER 2023. The audit committee's primary responsibilities are to independently review and supervise the financial reporting systems of companies and their subsidiaries, assess the effectiveness of risk management and internal monitoring systems, and monitor the independence and effectiveness of external auditors and the objectivity and effectiveness of the audit process. The Committee shall consist of at least three members, at least one of whom shall meet the professional qualification requirements of Section 3.10 (2) of the Listing Rules. The members...Show More