Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 393

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1B
Chunk 393
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 or in which such person has
    a 10% or greater beneficial ownership interest.

We
have policies and procedures designed to minimize potential conflicts of interest arising from any dealings it may have with its affiliates
and to provide appropriate procedures for the disclosure of any real or potential conflicts of interest that may exist from time to time.
Specifically, pursuant to its audit committee charter, the audit committee will have the responsibility to review related person transactions.

Clawback
Policy

We
have adopted a clawback policy that applies to our executive officers (the “Policy”) to comply with Nasdaq rules.

The
policy gives the Compensation Committee the discretion to require executive officers to reimburse us for any Erroneously Awarded Compensation
(as defined in the Policy) that was based on financial results that were subsequently restated as a result of that person’s misconduct.

Insider
Trading Policy

We
have adopted an insider trading policy governing the purchase, sale, and other dispositions of the registrant’s securities
by directors, senior management, and employees. A copy of the insider trading policy is filed as an exhibit to this Annual Report.

Limitation
on Liability and Indemnification Matters

The
DGCL authorizes corporations to limit or eliminate the personal liability of directors to corporations and their shareholders for monetary
damages for breaches of directors’ fiduciary duties, subject to certain exceptions. Our Certificate of Incorporation includes a
provision that eliminates the personal liability of directors for monetary damages for any breach of fiduciary duty as a director to
the fullest extent permitted by the DGCL as the same exists or as may hereafter be amended from time to time. The effect of these provisions
is to eliminate the rights of us and our shareholders, through shareholders’ derivative suits on our behalf, to recover monetary
damages from a director for breach of fiduciary duty as a director, including breaches resulting from grossly negligent behavior. However,
exculpation does not apply to any director if the director has acted in bad faith, knowingly or intentionally violated the law, authorized
illegal dividends or redemptions or derived an improper benefit from his or her actions as a director.

Our
Certificate of Incorporation permits and the Bylaws obligates us to indemnify, to the fullest extent permitted by the DGCL, any director
or officer of us who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding,
whether civil,