The Audit Committee is responsible for, among other matters, (a) reviewing the completeness, accuracy, clarity and fairness of Regal REIT's financial statements; (b) considering the scope, approach and nature of both internal and external audit reviews; (c) the overall risk management; (d) reviewing and monitoring connected party transactions; and (e) nominating external auditors, reviewing the adequacy of external audits and guiding management to take appropriate actions to remedy faults or deficiencies in any issues of internal control which may be identified.

The REIT Manager has established an audit committee which is appointed by the Board and currently comprises the following members:

Independent Non-executive Directors
John William Crawford, J.P. (Chairman of the Committee)
Alvin Leslie Lam Kwing Wai
Abraham Shek Lai Him, SBS, J.P.

Non-executive Director
Kai Ole Ringenson