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