Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1326

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7
Chunk 1326
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 committee consist of Ms. Miao, Mr. Miller and Mr. Chiang, with Ms. Miao serving as its chair. The Board determines that
each of these individuals satisfies the independence requirements of the Sarbanes-Oxley Act of 2002, as amended, or the
Sarbanes-Oxley Act, Rule 10A-3 under the Exchange Act and the applicable listing standards of the Nasdaq Stock Market.
Each member of audit committee satisfies the requirements for financial literacy under the applicable Nasdaq Stock Market rules. In arriving
at this determination, the Board examined each audit committee member’s scope of experience and the nature of their prior and/or
current employment.

The
Board determines that Ms. Miao qualifies as an audit committee financial expert within the meaning of SEC regulations and meets the financial
sophistication requirements of the Nasdaq Stock Market rules. In making this determination, the Board considered Ms. Miao’s formal
education and previous and current experience in financial and accounting roles. Both our independent registered public accounting firm
and management periodically meet privately with the our audit committee.

The
audit committee’s responsibilities will include, among other things:

    ●
    appointing, compensating,
    retaining, evaluating, terminating and overseeing our independent registered public accounting firm;

    ●
    discussing with our independent
    registered public accounting firm their independence from management;

    ●
    reviewing with our independent
    registered public accounting firm the scope and results of their audit;

    ●
    pre-approving all
    audit and permissible non-audit services to be performed by our independent registered public accounting firm;

    ●
    overseeing the financial
    reporting process and discussing with management and our independent registered public accounting firm the interim and annual financial
    statements that the Company files with the SEC;

    ●
    reviewing and monitoring
    our accounting principles, accounting policies, financial and accounting controls and compliance with legal and regulatory requirements;
    and

    ●
    establishing procedures
    for the confidential anonymous submission of concerns regarding questionable accounting, internal controls or auditing matters.

33

Compensation
Committee

Our
compensation committee consists of Ms. Miao, Mr. Miller and Mr. Chiang, with Mr. Miller as its chair. The Board determines
that each of Ms. Miao, Mr. Miller and Mr. Chiang are non-employee directors, as defined in Rule