002072SZSE

Implementation Rules of the Audit Committee of the Board of Directors (May 2021)

Kairuide Co., Ltd.·

✨ AI Summary

The document outlines the implementation rules for the Audit Committee of the Board of Directors of Kaired Holdings Co., Ltd. It establishes the committee's structure, responsibilities, and decision-making procedures to enhance corporate governance and ensure effective oversight of management. Key provisions include the composition of the committee, its main duties, and the protocols for meetings and reporting.

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Full Translation

AI Translation· azure_openai

Chapter 1 General Principles

Article 1

To strengthen the decision-making function of the Board of Directors of Kaired Holdings Co., Ltd. (hereinafter referred to as "the Company"), ensure pre-audit and professional audit, and guarantee effective supervision of the management by the Board, this implementation rule is formulated based on the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Articles of Association of Kaired Holdings 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 established by the Board according to the resolutions of the shareholders' meeting, mainly responsible for communication, supervision, and verification of internal and external audits of the Company.

Chapter 2 Composition

Article 3

The Audit Committee consists of three directors, of which two must be independent directors, and at least one independent director must be a professional in accounting.

Article 4

Members of the Audit Committee are nominated by the Chairman, more than half of the independent directors, or one-third of all directors, and elected by the Board of Directors.

Article 5

The Audit Committee shall have a Chairperson (Convener), who is an independent director, responsible for presiding over the committee's work. The Chairperson is elected by the committee members and approved by the Board of Directors.

Article 6

The term of the Audit Committee is consistent with that of the Board of Directors. Members whose terms expire may be re-elected. If a member ceases to be a director of the Company, they automatically lose their committee membership, and the committee shall supplement the number of members according to the above provisions.

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