Company: NCL
Filing Date: 2025-12-04
Form Type: DEF 14A
Source: 0001575872-25-000744
Chunk: 9

Company: Northann Corp.
Filing Date: 2025-12-04
Form: DEF 14A
Chunk 9
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) become unavailable to serve before the Annual Meeting, the proxies will be voted by the
proxy holders for such other person(s) as may be designated by our Board or for such lesser number of nominees as may be prescribed by
the Board. Votes cast for the election of any nominee who has become unavailable will be disregarded.

Proposal Two

The ratification of the appointment
of LAO Professionals, as our independent registered public accounting firm for the year ending December 31, 2025, will require the affirmative
vote of a majority of the votes of the shares of our common stock and Series A Preferred Stock cast at the Annual Meeting in person or
represented by proxy and entitled to vote, is required for approval of Proposal Two. Abstentions and broker non-votes will not affect
the outcome of the vote on Proposal Two.

Proposal Three

The approval of the proposal
to authorize our Board to effect a Reverse Split will require the affirmative vote of a majority of the votes of the shares of our common
stock and Series A Preferred Stock cast at the Annual Meeting in person or represented by proxy and entitled to vote, is required for
approval of Proposals Three. Abstentions and broker non-votes will not affect the outcome of the vote on Proposal Three.

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Proposal Four

The approval of the amendments
to the Company’s 2023 Equity Incentive Plan, as amended (the “2023 Plan”) requires the affirmative vote of at least
a majority of the total number of votes of the shares of our common stock and Series A Preferred Stock cast at the Annual Meeting in person
or represented by proxy and entitled to vote. Abstentions and broker non-votes will not affect the outcome of the vote on Proposal Four.

Proposal Five

The approval of the issuance of
12,500,000 shares of common stock to the designee of Kingsford, pursuant to the asset purchase agreement between Kingsford and the Company,
dated November 23, 2025, requires the affirmative vote of at least a majority of the total number of votes of the shares of our common
stock and Series A Preferred Stock cast at the Annual Meeting in person or represented by proxy and entitled to vote. Abstentions and
broker non-votes will not affect the outcome of the vote on Proposal Five.

Proposal Six

The approval of the issuance of
15,000,000 shares of common stock to the designee of Asia Resource, pursuant to the development agreement between Asia Resource and the
Company,