Kwan Yong Holdings Limited announced the audit committee was established on 17 December 2019. Right after Mr. Koh Lian Huat, the former chairman of the Audit Committee, tendered his resignation as an independent non-executive Director and a member of the Nomination Committee and the Remuneration Committee on 25 February 2021, the chairman of the Audit Committee is Mr. Fong Heng Boo, an independent non-executive Director, and other members include Mr. Chou Sean Yu and Dr. Wu Dongqing, the independent non-executive Directors and Mr. Lim Ah Lay, a non-executive Director.