Audit Committee-TOR-CKH-2005

1.1.2005 CHEUNG KONG (HOLDINGS) LIMITED AUDIT COMMITTEE - TERMS OF REFERENCE stRevised on 1 January, 2005 pursuant to the Code on Corporate Governance Practices effective ston 1 January, 2005. 1. Membership 1.1 The Audit Committee shall be appointed by the Board of Directors (the “Board”) and must consist of a minimum of three members (the “Members”). 1.2 Membership shall be confined to non-executive Directors the majority of which must be independent non-executive Directors (“INEDs”) and at least one INED with appropriate professional qualifications or accounting or related financial management expertise. 1.3 The Chairman of the Audit Committee shall be appointed by the Board and must be an INED. 1.4 In the event that the Audit Committee comprises a non-executive Director who is a former partner of the Company’s existing auditing firm, such non-executive Director shall be prohibited from acting as a Member of the Audit Committee for a period of one year commencing on the later of (a) the date of his/her ceasing to be a partner of the firm; or (b) the date of his/her ceasing to have any financial interest in the firm. 2. Secretary 2.1 The Company Secretary shall be the secretary of the Audit Committee. 2.2 The Audit Committee may from time to time appoint any other person with appropriate qualification and experience as the secretary of the Audit Committee. 3. Meetings 3.1 The Audit Committee shall meet at ...