Gansu Dunhuang Seed updates internal audit system

Gansu Dunhuang Seed Group Co., Ltd. (SSE:600354) has announced the adoption of a revised internal audit system, effective immediately. The updated system, approved at the company's ninth board meeting, aims to strengthen the company's internal control and risk management processes. Key aspects of the system include principles of service, objectivity, independence, confidentiality, and avoidance of conflicts of interest. The internal audit department, under the leadership of the company's board and audit committee, will conduct independent audits of the company's various departments and subsidiaries, including financial audits, economic benefit audits, and economic responsibility audits. The audit process includes preparation, implementation, reporting, rectification, and documentation filing. The system outlines specific responsibilities for both the internal audit team and the entities being audited, as well as consequences for violations.