On November 18, the Company held the Third Meeting of Fourth Term BAC. The meeting was chaired by Charles Brian Ablett, Company Director and BAC Chairman.

At the meeting, the following reports were presented: the Internal Audit Statement and Work Report, the report on progress of follow-up actions from previous BAC resolutions, the report on the closure of control and audit gaps, and the External Audit Work Report.

BAC acknowledged the work achievements of internal audit, recognized the efforts made by management in rectifying gaps, and required the management to further strengthen risk control and persistently rectify gaps. BAC also expressed expectations on the compliance of corporate systems and procedures, as well as core policy training sessions, and highlighted concerns on cybersecurity, settlement management of 2024 TA projects, service contracts, and contractor management.

BAC approved the 2026-2030 Internal Audit Five-year Rolling Plan, the 2026 Internal Audit Work Plan and Staffing Plan, and the recommendation for the External Independent Audit Institution for 2026-2028. (By Wang Chuanhai and Zhang Lei)