REE: Resolution of the Board of Directors on the issuance of Internal Audit Regulation

The Board of Directors (BOD) of REE has approved a resolution to issue the Internal Audit Regulation. This regulation aims to enhance the effectiveness of internal audit activities within the company, ensuring transparency and accuracy in financial reporting. It will clearly define the processes, responsibilities, and authorities of the internal audit department while providing a legal framework for these activities. Moreover, implementing these regulations will assist REE in improving risk management and optimizing business operations. The BOD emphasizes the importance of internal auditing in detecting and preventing fraud while safeguarding the company’s assets.