Bank of Jiujiang has released revised Terms of Reference for its Board Audit Committee, effective from February 2026. The document outlines the committee’s composition requirements, functions, and operational procedures. The committee is positioned as a specialized body under the Board of Directors, with at least three non-executive directors, a majority of whom must be independent. At least one independent director must possess accounting or related financial management expertise.

The revised guidelines specify that the Audit Committee is entrusted with supervising the Bank’s financial activities, evaluating internal audit procedures, and reviewing financial statements. In particular, the committee is required to review internal audit reports covering capital adequacy ratios, various risk management measures, and overall operating practices. Special audits related to remuneration mechanisms, related party transactions, and other key operations are also within the committee’s scope.

The revisions emphasize ensuring the external auditor’s independence by detailing engagement terms, including any non-audit services. The committee is further responsible for reviewing the Bank’s financial controls, risk management, and internal control systems. An annual work plan must be formulated, and significant proposals or findings are to be reported to the Board of Directors in writing.

The document establishes meeting protocols that require at least two sessions per year, with extraordinary meetings convened when deemed necessary. A quorum mandates the presence of at least two-thirds of all members. Each member is granted one vote, and resolutions require a simple majority for approval. The Bank emphasizes strict confidentiality obligations for participating members and authorizes engaging external professionals when specialized advice is needed.

The revised Terms of Reference take immediate effect upon approval by the Board of Directors, and the previous version will be abolished accordingly. The specific guidelines and duties within this document are classified as operational procedures and are binding under relevant laws and regulations.