Corporate Governance

Audit Committee​

In order to strengthen corporate governance, the first audit committee of Hushan Industrial was formally established on March 1, 2013, consisting of four independent audit committee members. The Audit Committee aims to assist the Board of Directors in improving corporate governance performance and its main deliberations are on matters. For the professional qualifications and experience of the Audit Committee, please refer to the Directors’ Professional Qualifications and Independent Directors’ Independence Instructions. The Audit Committee works closely with the external auditors and internal audit team to regularly review and evaluate the company’s financial status, internal control mechanisms and risk management processes to ensure Ensure the long-term stability of the company and the trust of stakeholders.

Formulate the company's internal control system and performance evaluation,

Review the company's financial statements for proper presentation,

Supervise the handling procedures of the company's major financial business activities,

Ensure that the company complies with relevant regulations and the selection (resolution) of certified accountants, etc.

Matters involving directors' own interests.

Significant asset or derivatives transactions.

Significant capital loans, endorsements or guarantees.

Raising, issuing or privately placing securities of an equity nature.

Appointment, dismissal or remuneration of certified accountants.

Appointment and removal of finance, accounting or internal audit managers.

Annual financial report and semi-annual financial report.

Other major matters stipulated by the company or the competent authority.