China Resources Land updates Audit Committee terms

China Resources Land Limited announced an update to the Terms of Reference for its Audit Committee, with the latest revision effective October 27, 2025. The Committee, established by the board, will comprise a minimum of three non-executive directors, with a majority being independent non-executive directors. At least one member must possess professional qualifications or expertise in accounting or financial management as per Listing Rule 3.10(2).

A notable change prohibits former partners of the company's auditing firm from serving on the Committee for two years after ceasing to be a partner or having any financial interest in the firm. The Committee's duties now explicitly include developing and implementing policy on engaging external auditors for non-audit services and reporting such policies to the board.

Meetings will be held at least twice annually, with provisions for special meetings requested by the chairman, board, or senior management. The Committee is authorized to obtain independent professional advice and require relevant third parties to attend meetings. It will also review the company's financial controls, risk management, and internal control systems.