Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 1018

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9B
Chunk 1018
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 independent directors on our board of directors.

  77 

Following
a business combination, to the extent we deem it necessary, we may seek to recruit additional managers to supplement the incumbent management
team of the target business. We cannot assure you that we will have the ability to recruit additional managers, or that additional managers
will have the requisite skills, knowledge or experience necessary to enhance the incumbent management.

Committees
of the Board of Directors

Our
board of directors will have two standing committees: an audit committee and a compensation committee. Subject to phase-in rules and
a limited exception, the rules of NASDAQ and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised
solely of independent directors, and the rules of NASDAQ require that the compensation committee of a listed company be comprised solely
of independent directors.

Audit
Committee

Prior
to the consummation of the IPO, we established an audit committee of the board of directors. Wei Lu, John DeVito and Guohan Li serve
as members of our audit committee, with Guohan Li serving as the Chairman of the audit committee. Under the NASDAQ listing standards
and applicable SEC rules, we are required to have at least three members of the audit committee, all of whom must be independent, subject
to certain phase-in provisions. Each such person meets the independent director standard under NASDAQ listing standards and under Rule
10-A-3(b)(1) of the Exchange Act.

Each
member of the audit committee is financially literate and our board of directors has determined that Guohan Li qualifies as an “audit
committee financial expert” as defined in applicable SEC rules.

We
have adopted an audit committee charter, which details the principal functions of the audit committee, including:

    ●
    the
    appointment, compensation, retention, replacement, and oversight of the work of the independent auditors and any other independent
    registered public accounting firm engaged by us;

    ●
    pre-approving all audit and permitted non-audit services
    to be provided by the independent auditors or any other registered public accounting firm engaged by us, and establishing pre-approval
    policies and procedures;

    ●
    reviewing and discussing with the independent auditors
    all relationships the auditors have with us in order to evaluate their continued independence;

    ●
    setting clear hiring policies for employees or former
    employees of the independent auditors;

    ●
    setting clear