Company: NCL
Filing Date: 2025-11-24
Form Type: PRE 14A
Source: 0001575872-25-000718
Chunk: 56

Company: Northann Corp.
Filing Date: 2025-11-24
Form: PRE 14A
Chunk 56
---
 written charter,
the Audit Committee has the authority to conduct any investigation appropriate to fulfilling its responsibilities, has direct access
to Northann’s independent registered public accounting firm as well as any of Northann’s employees, and has the ability to
retain, at Northann’s expense, special legal, accounting, or other experts or advisors it deems necessary in the performance of
its duties, apart from counsel or advisors hired by management.

Audit Committee members are
not acting as professional accountants or auditors, and their functions are not intended to duplicate or to certify the activities of
management or Northann’s independent registered public accounting firm. The Audit Committee serves a board-level oversight role
in which it provides advice, counsel, and direction to management and to the auditors on the basis of the information it receives, discussions
with management and the auditors, and the experience of the Audit Committee’s members in business, financial, and accounting matters.

In accordance with Audit
Committee policy and the requirements of law, the Audit Committee pre-approves all services to be provided by Northann’s independent
registered public accounting firm. Pre-approval includes audit services, audit-related services, tax services, and all other services.

The Audit Committee reviewed
and discussed with management its assessment of and report on the effectiveness of Northann’s internal control over financial reporting
as of December 31, 2024, which it made based on criteria established in Internal Control—Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway Commission (2013 framework).

The Audit Committee reviewed
and discussed the audited financial statements in Northann’s Annual Report on Form 10-K for the fiscal year ended December 31,
2024 with management and LAO Professionals. The Audit Committee also discussed with LAO Professionals the matters required to be discussed
by Auditing Standard No. 16, “Communications with Audit Committees” issued by the Public Company Accounting Oversight Board.
In addition, the Audit Committee obtained from LAO Professionals the written disclosures and the letter required by applicable requirements
of the Public Company Accounting Oversight Board regarding the independent accountants’ communications with the Audit Committee
concerning independence and discussed with LAO Professionals its independence from Northann Corp. and management.

Our Audit Committee considered
all non-audit services provided by LAO Professionals and determined that the provision of such services was compatible with maintaining
such firm’s audit independence.

Based on the reviews and
discussions referred to above, as well as such other