How to Play the Role of Audit Committee of Listed Companies

1. The audit committee shall meet at least three times a year, and the meeting shall be held on the main date of the audit cycle.

2. The Audit Committee shall meet with external and internal auditors at least once a year to discuss matters related to the audit, but the management need not attend.

3. If the differences among members of the audit committee cannot be mediated internally, they shall be submitted to the board of directors for settlement.

4. The audit committee shall review its authority and effectiveness every year and report major personnel changes to the board of directors.

5. The Audit Committee is responsible for supervising the work of the internal audit department.