Company: SSEA
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004904
Chunk: 212

Company: STARRY SEA ACQUISITION CORP
Filing Date: 2025-07-07
Form: S-1/A
Chunk 212
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 a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our executive officers and directors that provide for benefits upon termination of employment.

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Director Independence

Nasdaq requires that a
majority of our board must be composed of “independent directors.” Currently, Mr. Stephen Markscheid,
Mr. Peter Jianfeng Chen and Mr. Liang Kang would each be considered an “independent director” under the
Nasdaq Stock Market Listing Rules, which is defined generally as a person other than an officer or employee of the company or its
subsidiaries or any other individual having a relationship, which, in the opinion of the company’s board of directors would
interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. Our
Independent Directors will have regularly scheduled meetings at which only independent directors are present.

We will only enter into a business combination if it is approved by a majority of our independent directors. Additionally, we will only enter into transactions with our officers and directors and their respective affiliates that are on terms no less favorable to us than could be obtained from independent parties. Any related-party transactions must also be approved by our audit committee and a majority of disinterested independent directors.

Committees of the Board of Directors

We will establish three committees under the board of directors immediately upon the effectiveness of our registration statement on Form S-1, of which this prospectus is a part: an audit committee, a compensation committee and a corporate governance and nominating committee. We will adopt a charter for each of the three committees. Each committee’s members and functions are described below.

Audit committee

Under the Nasdaq Stock
Market Listing Rules and applicable SEC rules, we are required to have three members of the audit committee, all of whom must be independent.
Our audit committee will consist of Mr. Stephen Markscheid, Mr. Peter Jianfeng Chen and Mr. Liang Kang, each of whom satisfies
the “independence” requirements of Rule 5605(a)(2) of the Nasdaq Stock Market Rules and meet the independence standards
under Rule 10A-3 under the Exchange Act. Mr. Stephen Markscheid is the chairperson of the audit committee. The audit committee’s
duties, which are specified in our Audit Committee Charter, include, but are not limited to:

| ● | reviewing and discussing with management and the independent auditor the annual audited financial statements,