Chapter 1 General Principles
Article 1
To strengthen the decision-making function of the Board of Directors of Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company"), ensure pre-audit and professional audit, and guarantee effective supervision of the management by the Board, as well as to improve the corporate governance structure, the Company establishes the Audit Committee of the Board of Directors and formulates these implementation rules in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Articles of Association of Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Articles of Association"), and other relevant regulations.
Article 2
The Audit Committee of the Board of Directors is a specialized working body under the Board, primarily responsible for reviewing the Company's financial information and its disclosure, supervising and evaluating internal and external audit work and internal controls, reporting its work to the Board, and being accountable to the Board.
Article 3
The Company's Securities Department is responsible for the daily work liaison and meeting organization of the Audit Committee. The Company's internal audit department serves as the daily working body of the Audit Committee, responsible for preparing various matters before the committee's decision-making.
Chapter 2 Composition
Article 4
The Audit Committee consists of 3 directors, with members being directors, including 2 independent directors, and at least one independent director must be a professional accountant.
Article 5
Committee members are nominated by the Chairman, more than half of the independent directors, or more than one-third of all directors, and elected by the Board. The committee has a chairperson responsible for presiding over committee work and convening committee meetings. The chairperson is elected from among the independent directors and approved by the Board, and this independent director must be a professional accountant.
Article 6
The term of the Audit Committee is consistent with that of the current Board of Directors. Before the term of committee members expires, they cannot be dismissed without cause unless circumstances arise that prevent them from holding office as stipulated in the Company Law, the Articles of Association, or these implementation rules.
Article 7
If a committee member no longer serves as a director during their term, they automatically lose their committee membership. Committee members may resign before their term expires by submitting a written resignation report to the Board, which takes effect upon Board approval. Until a newly elected member assumes office, the original member must continue to perform their duties in accordance with these implementation rules.
Article 8
If the number of committee members decreases due to resignation, dismissal, or other reasons, the Board shall elect new members as soon as possible in accordance with these implementation rules.