Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 488

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 2
Chunk 488
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ito, will expire at our first annual meeting
of shareholders. The term of office of the second class of directors, consisting of Xin Wang, David Bamper and Wei Lu, will expire at
the second annual meeting of shareholders. The term of office of the third class of directors, consisting of Yuk Man Lau and Guohan Li,
will expire at the third annual meeting of shareholders. There is no requirement under the Companies Act for us to hold annual or general
meetings to elect directors. We may not hold an annual meeting of shareholders until after we consummate our initial business combination.

Our
officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms
of office. Our board of directors is authorized to appoint persons to the offices set forth in our Second Amended and Restated Memorandum
and Articles of Association as it deems appropriate. Our Second Amended and Restated Memorandum and Articles of Association will provide
that our officers may consist of one or more Chairmen of the Board, one or more Chief Executive Officers, a President, a Chief Financial
Officer, Vice Presidents, Secretary, Treasurer, Assistant Secretary, and such other offices as may be determined by the board of directors.

Director
Independence

NASDAQ
listing standards require that a majority of our board of directors be independent. An “independent director” is defined
generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship
which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment
in carrying out the responsibilities of a director. Our board of directors has determined that each of John DeVito, We Lu, Yuk Man Lau
and Guohan Li are “independent directors” as defined in the NASDAQ listing standards and applicable SEC rules. Our audit
committee will be entirely composed of independent directors meeting NASDAQ’s additional requirements applicable to members of
the audit committee. Our independent directors will have regularly scheduled meetings at which only independent directors are present.

Officer
and Director Compensation

None
of our officers or directors has received any cash compensation for services rendered to us. Other than as described above and elsewhere
in Form 10-K, no compensation of any kind, including finder’s and consulting fees, will be paid to our founders or any of their
respective affiliates, for services rendered prior to or in connection with the completion of our initial business combination