MIXUE Group (Stock Code: 2097) has released a document detailing the Rules of Procedure of the Audit Committee of its board of directors. The measures aim to strengthen the pre-audit function of the board, enhance supervisory efforts over senior management, and improve the company’s governance structure in compliance with the Company Law of the People’s Republic of China, the Hong Kong Listing Rules, and the firm’s Articles of Association.
The document stipulates that the Audit Committee, as a specialized working body under the board, shall consist of at least three non-executive directors, with a majority being independent and at least one having professional accounting expertise. The committee’s responsibilities include supervising and assessing the work of both internal and external auditors, reviewing and monitoring the independence of external auditors, and playing a key role in the appointment or dismissal of the chief financial officer. The committee is also tasked with evaluating internal controls, reviewing financial disclosures, and overseeing major connected transactions to ensure compliance with relevant laws and regulations.
According to the document, regular meetings of the Audit Committee shall be held at least twice a year. Minutes are to be recorded and shared with the board, and any resolutions passed must ultimately be considered and authorized by the full board. If necessary, the Audit Committee may engage outside professionals to provide additional expertise, with related costs borne by MIXUE Group.
These rules become effective from the date of MIXUE Group’s initial public offering of H Shares and listing on The Stock Exchange of Hong Kong Limited. Any future amendments will remain subject to prevailing laws and regulations, the Hong Kong Listing Rules, and the Articles of Association.
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