"AAC Acoustic Holdings Inc." has changed to "AAC Technologies Holdings Inc."   

External Audit

The Directors acknowledge responsibilities for the preparation of the financial statements for each financial period which give a true and fair view of the state of affairs of the Group and of the results and cash flows for that period. The Directors have selected suitable and applied consistent accounting policies, made reasonable judgments and prudent estimates in preparing the financial statements on a going concern basis in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board and the disclosure requirements of the Hong Kong Companies Ordinance. Furthermore, the Directors are aware of the responsibility for keeping proper accounting records which could provide the financial position of the Company with reasonable accuracy at all times.

The Company has always obtained confirmation from the external auditor regarding its independent’s status with respect to acting as external auditor. The external auditor will not be employed for any non-audit work unless the non-audit work meets the criteria suggested in the Listing Rules and has been discussed and pre-approved by the Audit Committee.

The Company has also adopted a policy of not hiring employees of the external auditor who are or have been involved in the Company’s audit so as to ensure no impairment of the auditor’s judgment and independence with respect to its auditing. This policy has been strictly complied with since the auditor’s appointment.