Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 547

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 3
Chunk 547
---

member of the audit committee is financially literate and our board of directors has determined that Guohan Li qualifies as an “audit
committee financial expert” as defined in applicable SEC rules.

We
have adopted an audit committee charter, which details the principal functions of the audit committee, including:

    ●
    the
    appointment, compensation, retention, replacement, and oversight of the work of the independent auditors and any other independent
    registered public accounting firm engaged by us;

    ●
    pre-approving all audit and permitted non-audit services
    to be provided by the independent auditors or any other registered public accounting firm engaged by us, and establishing pre-approval
    policies and procedures;

    ●
    reviewing and discussing with the independent auditors
    all relationships the auditors have with us in order to evaluate their continued independence;

    ●
    setting clear hiring policies for employees or former
    employees of the independent auditors;

    ●
    setting clear policies for audit partner rotation in
    compliance with applicable laws and regulations;

    ●
    obtaining and reviewing a report, at least annually,
    from the independent auditors describing (i) the independent auditor’s internal quality-control procedures and (ii) any material
    issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or by any inquiry or investigation
    by governmental or professional authorities within the preceding five years respecting one or more independent audits carried out
    by the firm and any steps taken to deal with such issues;

    ●
    reviewing and approving any related party transaction
    required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us entering into such transaction;
    and

    ●
    reviewing with management, the independent auditors,
    and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators
    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.

  78 

Compensation
Committee

Prior
to the consummation of the IPO, we established a compensation committee of the board of directors. Wei Lu, John DeVito and Guohan Li
serve as members of our compensation committee, with Wei Lu serving as the chairman of the compensation