Sinomax Group Enhances Audit Oversight

Sinomax Group Ltd. (HK:1418) has released an update.

Sinomax Group Limited has updated the terms of reference for its Audit Committee, which is responsible for ensuring effective internal controls and risk management, overseeing financial reporting, and evaluating the performance of external auditors. The revisions, adopted by the Board on July 4, 2024, emphasize compliance with updated Listing Rules and legal obligations. The Committee, comprising at least three non-executive Directors, with a majority being independent, focuses on maintaining the integrity of financial statements and the qualifications and independence of the external auditor.

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