Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 23

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 23
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Under its charter, our Compensation
Committee is responsible for, among other things:

| ● | developing and maintaining an executive compensation policy                                                                      
 and monitoring the results of that policy;                                                                                       |
| ● | recommending to our Board for approval compensation and benefit plans;                                                           |
| ● | reviewing and approving annually corporate and personal goals and objectives                                                     
 to serve as the basis for the CEO’s compensation, evaluating the CEO’s performance in light of those goals and objectives        
 and determining the CEO’s compensation based on that evaluation;                                                                 |
| ● | determining and approving the annual compensation for other executive                                                            
 officers;                                                                                                                        |
| ● | retaining or obtaining the advice of a compensation consultant, outside                                                          
 legal counsel or other advisor;                                                                                                  |
| ● | approving any grants of stock options, restricted stock, performance                                                             
 shares, stock appreciation rights, and other equity-based incentives to the extent provided under our equity compensation plans; |
| ● | reviewing and making recommendations to our Board regarding the compensation                                                     
 of non-employee directors; and                                                                                                   |
| ● | reviewing and evaluating the performance of the Compensation Committee,                                                          
 including compliance with its charter.                                                                                           |

Nominating and Corporate Governance Committee

The members of our Nominating
and Corporate Governance Committee are Messrs. Lalonde, Patel and Zhang. Mr. Zhang is the chair of the Nominating and Corporate Governance
Committee. Each member of our Nominating and Corporate Governance Committee is independent as defined under the NYSE Company Guide. During
2024, our Nominating and Corporate Governance Committee acted by written consent nil times and held one meeting.

| 12 |

Under its charter, our Nominating and Corporate Governance
Committee is responsible for, among other things:

| ● | considering and reviewing periodically the desired composition                                              
 of our Board;                                                                                               |
| ● | establishing any qualifications and standards for individual directors;                                     |
| ● | identifying, evaluating and nominating candidates for election to our                                       
 Board;                                                                                                      |
| ● | ensuring that the members of our Board satisfy Securities and Exchange                                      
 Commission and NYSE independence and other requirements relating to membership on our Board and committees; |
| ● | making recommendations to our Board regarding the size of the Board,                                        
 the tenure and classifications of directors, and the composition of the committees of the Board;            |
| ● | considering other corporate governance and related matters as requested                                     
 by our Board; and                                                                                           |
| ● | reviewing and evaluating the