Summary by Moomoo AI
China Res Beer (00291.HK) recently announced that its board of directors has established an audit committee to strengthen the company's financial monitoring, risk management and internal control systems. The committee is composed of no less than three members selected from non-executive directors, most of whom are independent members, and at least one member has appropriate professional qualifications or accounting and financial management expertise. The committee's responsibilities include overseeing the relationship with external auditors, reviewing financial reports, and supervising financial reporting systems. The committee meets at least twice a year and has the right to seek necessary information from any employee and seek external legal or other professional opinions. The committee chairman shall be appointed by the board of directors and shall be an independent non-executive director. In addition, the committee will be responsible for reporting its decisions or recommendations to the board of directors.