The Audit Committee has been established to provide advice and recommendations to the Board. The audit committee is responsible for assisting the Board in safeguarding the Company’s assets by providing an Independent review of the effectiveness of the financial reporting process and the Internal control system of the Company. The Audit Committee reviews the accounting principles and practice adopted by the Group, and the listing rules and statutory compliance. The Audit Committee also oversees audit process including the review of re-appointment of external auditor, the audit fee and any questions of resignation or dismissal of auditors, the review of the Company’s quarterly, Interim and annual financial statements, review auditor’s management letter and management’s response. It also performs other duties as assigned by the Board. The Audit Committee meets at least once a year.
The Audit Committee comprised of three independent non-executive directors, namely:
Ng Ka Sim, Casina
Wong Wing Kit
Yeung Mo Sheung, Ann