Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 22

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 22
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The members of our Audit Committee are Messrs. Lalonde, Patel and Zhang. Mr. Lalonde is the chair of the Audit Committee. Each member of the Audit Committee satisfies the heightened audit committee independence requirements under the NYSE Company Guide and Rule 10A-3 of the Exchange Act. The Audit Committee Report for 2024 can be found on page 31 of this Proxy Statement. In addition, our Board has determined that Mr. Lalonde qualifies as an audit committee financial expert, as that term is defined under Securities and Exchange Commission rules, and possesses the requisite financial sophistication, as defined under the NYSE Company Guide. Our Audit Committee assists our Board in its oversight of our accounting and financial reporting process and the audits of our financial statements.

Under its charter, our Audit
Committee is responsible for, among other things:

| ● | overseeing accounting and financial reporting process;                     |
| ● | selecting, retaining and replacing independent auditors and evaluating     
 their qualifications, independence and performance;                        |
| ● | reviewing and approving scope of the annual audit and audit fees;          |
| ● | discussing with management and independent auditors the results of         
 annual audit and review of quarterly financial statements;                 |
| ● | reviewing adequacy and effectiveness of internal control policies and      
 procedures;                                                                |
| ● | approving retention of independent auditors to perform any proposed        
 permissible non-audit services;                                            |
| ● | overseeing internal audit functions and annually reviewing audit committee 
 charter and committee performance;                                         |
| ● | preparing the audit committee report that the Securities and Exchange      
 Commission requires in our annual proxy statement; and                     |
| ● | reviewing and evaluating the performance of the Audit Committee, including 
 compliance with its charter.                                               |

| 11 |

Compensation Committee

The members of our Compensation
Committee are Messrs. Lalonde, Patel and Zhang. Mr. Patel is the chair of the Compensation Committee. Each member of our Compensation
Committee is independent as defined under the NYSE Company Guide and satisfies NYSE’s additional independence standards for compensation
committee members. Messrs. Lalonde, Patel and Zhang are non-employee directors within the meaning of Rule 16b-3 under the Exchange Act
and outside directors as defined by Section 162(m) of the Internal Revenue Code. Our Compensation Committee assists our Board in the discharge
of its responsibilities relating to the compensation of our executive officers. During 2024, our Compensation Committee acted by written
consent five times and held nil meetings.