Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 640

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 10
Chunk 640
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 holds office until removed by the
board.

Board
Composition

Our
By-Laws provide that the Board of Directors which shall constitute the whole board shall not be less than one (1) nor more than seven
(7) or such other maximum number of directors. The maximum or minimum number of directors cannot be changed, nor can a fixed number be
substituted for the maximum and minimum numbers, except by a duly adopted amendment to the articles of incorporation or by an amendment
to this bylaw.

45

No
Committees of the Board of Directors; No Financial Expert

We
do not presently have a separately constituted audit committee, compensation committee, nominating committee, executive committee or
any other committees of our Board of Directors. Nor do we have an audit committee or financial expert. Management has decided not to
establish an audit committee at present because our limited resources and limited operating activities do not warrant the formation of
an audit committee or the expense of doing so. As such, our entire Board of Directors acts as our audit committee. We do not have a financial
expert serving on the Board of Directors or employed as an officer based on management’s belief that the cost of obtaining the
services of a person who meets the criteria for a financial expert under Section 407 of the Sarbanes-Oxley Act of 2002 and Item 407(d)
of Regulation S-K is beyond our limited financial resources and the financial skills of such an expert are simply not required or necessary
for us to maintain effective internal controls and procedures for financial reporting in light of the limited scope and simplicity of
accounting issues raised in our financial statements at this stage of our development.

We
have not formed a Compensation Committee or Nominating and Corporate Governance Committee as of the filing of this Annual Report.

Certain
Legal Proceedings

None
of our officers or directors has filed a personal bankruptcy petition, had a bankruptcy petition filed against any business of which
they were a general partner or officer at the time of bankruptcy or within two years prior to that time, or has been convicted of or
been the subject of any criminal proceedings or the subject of any order, judgment or decree involving the violation of any state or
federal securities laws within the past ten (10) years.

Compliance
with Section 16(a) Of the Exchange Act

We
have filed a Form 8-A registration statement under Section 12 of the Securities Exchange Act of 1934, as amended. Section 16(a) of that