Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 186

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 186
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 at least one member who has past employment experience in finance or accounting, requisite professional certification in accounting, or other comparable experience or background that results in the individual’s financial sophistication. The board of directors has determined that Mr. Wei(Victor) Zhang qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

Compensation Committee

Upon the consummation of this offering, we will establish a compensation committee of the board of directors consisting of the independent directors. Mr. Ping Zhang will serve as chairman of the compensation committee. We will adopt a compensation committee charter, which will detail the principal functions of the compensation committee, including:

| ● | reviewing                                                                                                                           
 and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation,         
 evaluating our Chief Executive Officer’s performance within the context of such goals and objectives, and determining and approving 
 the remuneration (if any) of our Chief Executive Officer based on such evaluation;                                                  |

| ● | reviewing                                                              
 and approving the compensation of all of our other executive officers; |

| ● | reviewing                                      
 our executive compensation policies and plans; |

| ● | implementing                                                                  
 and administering our incentive compensation equity-based remuneration plans; |

| ● | assisting                                                                                   
 management in complying with our proxy statement and annual report disclosure requirements; |

| ● | approving                                                                                                                          
 all special perquisites, special cash payments, and other special compensation and benefit arrangements for our executive officers 
 and employees;                                                                                                                     |

| ● | producing                                                                            
 a report on executive compensation to be included in our annual proxy statement; and |

| ● | reviewing,                                                                              
 evaluating and recommending changes, if appropriate, to the remuneration for directors. |

The charter will also provide that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel, or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will consider the independence of each such adviser, including the factors required by Nasdaq and the SEC.

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Director Nominations

We do not have a standing nominating committee, though we intend to form a corporate governance and nominating committee as and when required to do so by law or Nasdaq rules.

The board of directors will also consider director candidates recommended for nomination by