Chapter 1 General Principles
Article 1
To regulate the internal audit system of Wuxi Honghuan New Material Technology Co., Ltd. (hereinafter referred to as "the Company"), this internal audit system is established to enhance audit work, improve risk prevention and control, strengthen information security, and ensure the authenticity and legality of financial transactions.
Article 2
This system specifies the responsibilities of the internal audit organization and personnel, as well as the standards for internal audit work.
Article 3
The internal audit organization is responsible for the management of the Company's internal audit work, ensuring that audit personnel can effectively participate in the audit process.
Article 4
The Company shall establish a system for internal audit work, providing information to management to ensure the effectiveness of financial activities.
Article 5
The internal audit system is guided by the Board of Directors, the Audit Committee, senior management, and other relevant personnel.
Chapter 2 Internal Audit Organization and Personnel
Article 6
The Company’s Board of Directors shall establish an audit committee, which is responsible for the internal audit work of the Company.
Article 7
The internal audit personnel shall report to the audit committee and cooperate with the management to ensure the effectiveness of the audit.
Article 8
The internal audit organization shall conduct audits based on established plans and report findings to the audit committee.