Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 55

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 55
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age, Pin Tai, and
Nan Sun are “independent directors” as defined in the Nasdaq listing standards and applicable SEC rules. Our independent
directors will have regularly scheduled meetings at which only independent directors are present.

Committees
of the Board of Directors

Our
board of directors has three standing committees: an audit committee, a nominating committee, and a compensation committee. Subject to
phase-in rules and a limited exception, Nasdaq rules and Rule 10A-3 of the Exchange Act require that the audit committee of a listed
company be comprised solely of independent directors, and Nasdaq rules require that the compensation committee of a listed company be
comprised solely of independent directors.

28

Audit
Committee

Under
the Nasdaq listing standards and applicable SEC rules, we are required to have three members of the audit committee all of whom must
be independent. We have established an audit committee of the board of directors, which consists of Jonathan McKeage, Pin Tai, and Nan
Sun, each of whom is an independent director under Nasdaq’s listing standards. Jonathan McKeage is the Chairperson of the audit
committee. The audit committee’s duties, which are specified in our Audit Committee Charter, include, but are not limited to:

●reviewing
                                            and discussing with management and the independent auditor the annual audited financial statements,
                                            and recommending to the board whether the audited financial statements should be included
                                            in our Form 10-K;

●discussing
                                            with management and the independent auditor significant financial reporting issues and judgments
                                            made in connection with the preparation of our financial statements;

●discussing
                                            with management major risk assessment and risk management policies;

●monitoring
                                            the independence of the independent auditor;

●verifying
                                            the rotation of the lead (or coordinating) audit partner having primary responsibility for
                                            the audit and the audit partner responsible for reviewing the audit as required by law;

●reviewing
                                            and approving all related-party transactions;

●inquiring
                                            and discussing with management our compliance with applicable laws and regulations;

●pre-approving
                                            all audit services and permitted non-audit services to be performed by our independent auditor,
                                            including the fees and terms of the services to be performed;

●appointing
                                            or replacing the independent auditor;

●determining
                                            the compensation and oversight of the work of the independent auditor (including resolution
                                            of disagreements between management and the independent auditor regarding financial