Company: BPAC
Filing Date: 2025-06-26
Form Type: S-1
Source: 0001185185-25-000701
Chunk: 163

Company: Blueport Acquisition Ltd
Filing Date: 2025-06-26
Form: S-1
Chunk 163
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 will be the Chairperson of the audit committee. The audit committee’s duties, which will be specified in our Audit Committee Charter, will include, but are not limited to: reviewing and discussing with management and the independent auditor the annual audited financial statements, and recommending to the board whether the audited financial statements should be included in our Form 10-K; |

| ● | discussing                                                                                       
 with management and the independent auditor significant financial reporting issues and judgments 
 made in connection with the preparation of our financial statements;                             |

| ● | discussing                                                          
 with management major risk assessment and risk management policies; |

| ● | monitoring                                   
 the independence of the independent auditor; |

| ● | verifying                                                                                  
 the rotation of the lead (or coordinating) audit partner having primary responsibility for 
 the audit and the audit partner responsible for reviewing the audit as required by law;    |

| ● | inquiring                                                                           
 and discussing with management our compliance with applicable laws and regulations; |

| ● | pre-approving                                                                                   
 all audit services and permitted non-audit services to be performed by our independent auditor, 
 including the fees and terms of the services to be performed;                                   |

| ● | appointing                            
 or replacing the independent auditor; |

| ● | determining                                                                                    
 the compensation and oversight of the work of the independent auditor (including resolution    
 of disagreements between management and the independent auditor regarding financial reporting) 
 for the purpose of preparing or issuing an audit report or related work; and                   |

| ● | establishing                                                                               
 procedures for the receipt, retention and treatment of complaints received by us regarding 
 accounting, internal accounting controls or reports which raise material issues regarding  
 our financial statements or accounting policies.                                           |

Financial experts on audit committee

The audit committee will at all times be composed exclusively of independent directors who are “financially literate” as defined under the Nasdaq Stock Market Listing Rules as being able to read and understand fundamental financial statements, including a company’s balance sheet, income statement and cash flow statement.

In addition, we must certify
to Nasdaq that the committee will have, at least one member who has past employment experience in finance or accounting, requisite professional
certification in accounting, or other comparable experience or background that results in the individual’s financial sophistication.
The board of directors has determined that Mr. Silverman is qualified as an “audit committee financial expert,” as defined
under the rules and regulations of the SEC.

Corporate governance and nominating committee

Effective as of the date of
this prospectus, we will