On May 13, the Company convened the second meeting of the Fourth Term BAC. Brian Ablett, Director of the Company and Chairman of BAC, presided over the meeting. 

The BAC Office reported matters such as internal audit and internal audit quality assessment; management representatives reports from on matters from previous BAC resolutions and the closure of monitoring and audit deficiencies, as well as a report from KPMG on external audit work.

The meeting was held to recognize the effectiveness of internal audit efforts, recognize management's endeavors in issue follow-up, and urge continued enhancement of risk control, sustained focus on problem rectification, and high-quality implementation of rectification measures. The meeting was held to pay attention to matters such as two land-related issues identified in the shareholder audit and the work quality and efficiency following the changes in the project settlement process.

The meeting was held to approve the 2024 annual audit report on financial statements of FREP issued by KPMG. (Text: Wang Chuanhai   Photo: Zhang Lei)