Company: FOXX
Filing Date: 2025-11-21
Form Type: PRE 14A
Source: 0001213900-25-113635
Chunk: 21

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-21
Form: PRE 14A
Chunk 21
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reviewing and approving or making recommendations to the Board regarding incentive compensation and equity -basedplans and arrangements; and •appointing and overseeing any compensation consultants. Nominating and Corporate Governance Committee Our nominating and corporate governance committee consists of Ms. Miao, Mr. Miller and Mr. Chiang, with Mr. Chiang as its chair. If Ms. Shen’s nomination is approved by the stockholders of the Company in the Annual Meeting, Ms. Shen will succeed Ms. Miao as member of the committee. The Board determines that each of these individuals is “independent” as defined under the applicable listing standards of Nasdaq and SEC rules and regulations. The nominating and corporate governance committee’s responsibilities include, among other things: •identifying individuals qualified to become members of the Board, consistent with criteria approved by the Board; •recommending to the Board the nominees for election to the Board at annual meetings of shareholders; •overseeing an evaluation of the Board and its committees; and •developing and recommending to the Board a set of corporate governance guidelines. We believe that the composition and functioning of nominating and corporate governance committee meets the requirements for independence under the current Nasdaq Stock Market listing standards. The Board may from time to time establish such other committees. Compensation Committee Interlocks and Insider Participation None of the executive officers currently serves, or has served during the last year, as a member of the Board or compensation committee of any entity, that has one or more executive officers who are expected to serve as a member of the Board. Nomination Process The process of reviewing and making recommendations for nominations and appointments to the Board is the responsibility of the Nominating and Corporate Governance Committee. Our directors have a critical role in guiding our strategic direction and in overseeing management. The Nominating and Corporate Governance Committee will consider candidates for the Board based upon several criteria, including their broad -basedbusiness and professional skills and experiences, concern for the long -terminterests of stockholders, personal integrity and judgment. Candidates should have reputations, both personal and professional, consistent with our image and reputation. Directors must have 16 time available to devote to Board activities and to enhance their knowledge of the banking industry. Accordingly, the Board seeks to attract and retain highly qualified directors who have sufficient time to attend to their substantial duties and responsibilities for us, and who are expected to contribute to an effective Board. The Nominating and Corporate Governance Committee utilizes the following process for identifying and evaluating nominees to the Board. In the case of incumbent directors