Company: BPAC
Filing Date: 2025-05-16
Form Type: DRS/A
Source: 0001185185-25-000502
Chunk: 159

Company: Blueport Acquisition Ltd
Filing Date: 2025-05-16
Form: DRS/A
Chunk 159
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 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 committeesunder the board of directors: an audit committee, a compensation committee and a corporate governance and nominating committee and 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         
 consists consist of [____], [____] and [____] , 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. [____] will be the Chairperson of the          
 audit committee. The audit committee’s duties, which will be specified in our Audit               
 Committee Charter, will include, but are not limited to: reviewing and discussing with management 
 and the independent auditor the annual audited financial statements, and recommending to          
 the board whether the audited financial statements should be included in our Form 10-K;           |

| ● | discussing                                                                                       
 with management and the independent auditor significant financial reporting issues and judgments 
 made in connection with the preparation of our financial statements;                             |

| ● | discussing                                                          
 with management major risk assessment and risk management policies; |

| ● | monitoring                                   
 the independence of the independent auditor; |

| ● | verifying                                                                                  
 the rotation of the lead (or coordinating) audit partner having primary responsibility for 
 the audit and the audit partner responsible for reviewing the audit as required by law;    |

| ● | inquiring                                                                           
 and discussing with management our compliance with applicable laws and regulations; |

| ● | pre-approving