Company: DTSQ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001417
Chunk: 457

Company: DT Cloud Star Acquisition Corp
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 457
---
 2018 to July 2019, Mr. Zhang co-sponsored Thunder Bridge Acquisition Ltd. (Nasdaq: TBRG), which
took Repay Holdings Corp. (Nasdaq: RPAY) public in the U.S. market in July 2019. Before his career as a venture capitalist, Mr. Zhang
worked as an engineer focusing on clean technologies and served as a project manager at Institut für angewandtes Stoffstrommanagement
(IfaS) in Germany from October 2009 to November 2010. Mr. Zhang received a Master of Engineering in material flow management from the
University of Applied Sciences Trier in Germany in September 2009 and a Master of Science in international cooperation policy from Ritsumeikan
Asia Pacific University in Japan in July 2009.

65

Number
and Terms of Office of Officers and Directors 

All
of board of directors hold office until the next annual general meeting. In accordance with the Nasdaq corporate governance requirements,
we are not required to hold an annual general meeting until one year after our first fiscal year end following our listing on the Nasdaq.

Prior
to the completion of an initial business combination, any vacancy on the board of directors may be filled by a nominee chosen by a majority
of our directors.

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 amended and restated memorandum and articles of association
as it deems appropriate. Our amended and restated memorandum and articles of association provide that our officers may consist of one
or more chairman of the board of directors, chief executive officer, president, chief financial officer, vice presidents, secretary,
treasurer and such other offices as may be determined by the board of directors.

Executive
Officer and Director Compensation  

No
compensation was awarded to, earned by, or paid to our officers or directors for the last completed fiscal year. Commencing on the date
that our securities were first listed on Nasdaq through the earlier of the consummation of our initial business combination and our liquidation,
we will pay to our sponsor $10,000 per month for office space, utilities, secretarial and administrative support services provided to
members of our management team. In addition, our sponsor, officers and directors, or any of their respective affiliates will be reimbursed
for any out