Company: FSHPU
Filing Date: 2025-11-12
Form Type: DEF 14A
Source: 0001829126-25-009060
Chunk: 17

Company: Flag Ship Acquisition Corp
Filing Date: 2025-11-12
Form: DEF 14A
Chunk 17
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 or government agencies and any employee complaints or published reports that raise           
 material issues regarding our financial statements or accounting policies and any            
 significant changes in accounting standards or rules promulgated by the Financial            
 Accounting Standards Board, the SEC or other regulatory authorities.                         |

Compensation Committee

The members of our Compensation Committee are Ms. Cui, Mr. Liu and Mr. He. Mr. He
serves as chairman of the compensation committee. We have adopted a compensation committee
charter, which details the principal functions of the compensation committee, including:

| ● | reviewing and approving on an annual basis the corporate goals and objectives relevant                           
 to our Chief Executive Officer’s compensation, evaluating our Chief Executive Officer’s                          
 performance in light of such goals and objectives and determining and approving the remuneration (if any) of our 
 Chief Executive Officer’s based on such evaluation;                                                              |

| ● | reviewing and approving the compensation of all of our other officers; |

| ● | reviewing our executive compensation policies and plans; |

| ● | implementing and administering our incentive compensation equity-based remuneration 
 plans;                                                                              |

| ● | assisting management in complying with our proxy statement and annual report disclosure 
 requirements;                                                                           |

| ● | approving all special perquisites, special cash payments and other special compensation 
 and benefit arrangements for our officers and employees;                                |

| ● | producing a report on executive compensation to be included in our annual proxy statement; 
 and                                                                                        |

| ● | reviewing, evaluating and recommending changes, if appropriate, to the remuneration 
 for directors.                                                                      |

The charter also provides that the compensation committee may, in its sole discretion,
retain or obtain the advice of a compensation consultant, legal counsel or other adviser
and will be directly responsible for the appointment, compensation and oversight of
the work of any such adviser. However, before engaging or receiving advice from a
compensation consultant, external legal counsel or any other adviser, the compensation
committee will consider the independence of each such adviser, including the factors
required by the NASDAQ and the SEC.

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Nominating Committee

The members of our Nominating Committee are Ms. Cui, Mr. Liu and Mr. He. Mr. Liu serves
as chairman of the Nomination committee. In accordance with Rule 5605 of the NASDAQ
rules, all such directors are independent. We have adopted a nominating committee
charter which details the principal functions of the nominating committee, including:

| ●