Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 255

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1A
Chunk 255
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-audit services to be performed by our independent registered public accounting firm;

    ●
    overseeing the financial
    reporting process and discussing with management and our independent registered public accounting firm the interim and annual financial
    statements that the Company files with the SEC;

    ●
    reviewing and monitoring
    our accounting principles, accounting policies, financial and accounting controls and compliance with legal and regulatory requirements;
    and

    ●
    establishing procedures
    for the confidential anonymous submission of concerns regarding questionable accounting, internal controls or auditing matters.

33

Compensation
Committee

Our
compensation committee consists of Ms. Miao, Mr. Miller and Mr. Chiang, with Mr. Miller as its chair. The Board determines
that each of Ms. Miao, Mr. Miller and Mr. Chiang are non-employee directors, as defined in Rule 16b-3 promulgated
under the Exchange Act. The Board determines that Ms. Miao, Mr. Miller and Mr. Chiang are “independent” as
defined under the applicable Nasdaq listing standards, including the standards specific to members of a compensation committee. The compensation
committee’s responsibilities will include, among other things:

    ●
    reviewing and approving
    corporate goals and objectives relevant to the compensation of our Chief Executive Officer, evaluating the performance of our Chief
    Executive Officer in light of these goals and objectives and setting or making recommendations to the Board regarding the compensation
    of our Chief Executive Officer;

    ●
    reviewing and setting or
    making recommendations to the Board regarding the compensation of the other executive officers;

    ●
    making recommendations
    to the Board regarding the compensation of directors;

    ●
    reviewing and approving
    or making recommendations to the Board regarding incentive compensation and equity-based plans 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. The Board determines that each of Ms. Miao, Mr. Miller and Mr. Chiang 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