Our Audit Committee is guided by its terms of reference which set out its responsibilities including£º
(a)review with the external and internal auditors of their audit plans and their evaluation of the system of internal accounting controls;
(b)review of quarterly and annual financial results announcements before submission to our Board for approval;
(c)review of internal control procedures and co-ordination between the external auditors and our management;
(d)review with the external auditors on any suspected fraud or irregularity, or suspected infringement of any relevant laws, rules or regulations, which has or is likely to have a material impact on our operating results or financial position;
(e)consider and recommend the appointment or re-appointment of the external auditors and matters relating to the resignation or dismissal of the auditors;
(f)review of interested person transactions (if any) falling within the scope of Chapter 9 of the Listing Manual;
(g)undertake such other functions and duties as may be required by the relevant rules and regulations.