Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 122

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 122
---
 and arrangements; and •appointing and overseeing any compensation consultants. Nominating and Corporate Governance Committee Our nominating and corporate governance committee consists of Ms. Miao, Mr. Miller and Mr. Chiang, with Mr. Chiang as its chair. The Board determines that each of Ms. Miao, Mr. Miller and Mr. Chiang is “independent” as defined under the applicable listing standards of Nasdaq and SEC rules and regulations. The nominating and corporate governance committee’s responsibilities include, among other things: •identifying individuals qualified to become members of the Board, consistent with criteria approved by the Board; •recommending to the Board the nominees for election to the Board at annual meetings of shareholders; •overseeing an evaluation of the Board and its committees; and •developing and recommending to the Board a set of corporate governance guidelines. We believe that the composition and functioning of nominating and corporate governance committee meets the requirements for independence under the current Nasdaq Stock Market listing standards. The Board may from time to time establish such other committees. 78 Compensation Committee Interlocks and Insider Participation None of the executive officers currently serves, or has served during the last year, as a member of the board of directors or compensation committee of any entity, that has one or more executive officers who are expected to serve as a member of the Board. Related Person Transaction Policy We have adopted a written Related Person Transactions Policy that set forth our policies and procedures regarding the identification, review, consideration and oversight of “related person transactions.” Our audit committee approves only those transactions that it determines are fair to us and in our best interests. A “Related Person Transaction” is a transaction, arrangement or relationship in which we or any of our subsidiaries was, is or will be a participant, the amount of which involved exceeds $120,000, and in which any related person had, has or will have a direct or indirect material interest. A “Related Person” means: •any person who is, or at any time during the applicable period was, one of our executive officers or a member of the Board; •any person who is known by us to be the beneficial owner of more than 5% of our voting stock; •any immediate family member of any of the foregoing persons, which means any child, stepchild, parent, stepparent, spouse, sibling, mother -in -law, father -in -law, daughter -in -law, brother -in -lawor sister -in -lawof a director,