On October 18^th, the third meeting of the second board audit committee was held in the conference room on 15th floor of Fulian Building, Quanzhou. Mr. Liu Xiangdong, Chairman of the Board Audit Committee, and committee member Mr. Olivier Torrel attended the meeting. Committee member Mr. Xu Jianping and appointed Mr. Zhu Yuwu to attend the meeting. Committee member Mr. Gan Seow Kee appointed Mr. F. Y. (Joe) Blommaert to attend the meeting. The meeting was chaired by Mr. Liu Xiangdong.

The Company internal audit office, external audit agent and management representative reported on relevant work, including follow-up of last BAC resolutions, 2018 shareholders joint audit, internal audit work since last BAC meeting, 2019-2022 internal audit rolling plan, 2019 internal audit plan and staffing plan, KPMG's work quality evaluation, Company controls and control gap closure etc.. There were good discussions at the meeting on above agendas and the results were satisfactory.

BAC satisfied and appreciated the internal audit work, and recognized KPMG’s work report. Gratitude was extended to management for their efforts in improving management, with following suggestions: First, strengthen safety management during turnaround; second, shareholders joint audit team to take less time before issuing the audit report, thus to enable timely rectification and closure of gaps; third, enhance assessment on the performance of suppliers or service providers. (Zhang Yangsijia)