China Resources Land Limited has released a revised version of its Audit Committee Terms of Reference, effective 27 October 2025. The updated guidelines outline that the Audit Committee must consist solely of non-executive directors, with a majority of members and its chairman being independent non-executive directors, ensuring robust oversight and professional expertise. The revised terms also bar any former partner of the Company’s existing auditing firm from joining the Committee within two years of ending their partnership or financial interest in that firm.

According to the document, the Committee will meet at least twice a year, with the option to convene additional sessions at the discretion of its chairman or upon request by the Board. The Committee is authorized to seek relevant information from employees and to engage independent legal or professional advisors when needed. Its duties include monitoring the external auditor’s appointment and independence, reviewing the Company’s financial controls and reporting processes, overseeing risk management and internal controls, and ensuring that the internal audit function is adequately resourced. The Committee chair is tasked with approving meeting agendas, ensuring thorough distribution of necessary information, and reporting decisions or recommendations to the Board promptly.