Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 184

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 184
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 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; |

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| ● | determining                                                                                                                         
 the compensation and oversight of the work of the independent auditor (including resolution of disagreements between management and 
 the independent auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work;     |

| ● | establishing                                                                                                                        
 procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls 
 or reports which raise material issues regarding our financial statements or accounting policies; and                               |

| ● | approving                                                                                             
 reimbursement of expenses incurred by our management team in identifying potential target businesses. |

Financial Experts on Audit Committee

The audit committee will at all times be composed exclusively of “independent directors” who are “financially literate” as defined under the Nasdaq listing standards. The Nasdaq listing standards define “financially literate” as being able to read and understand fundamental financial statements, including a company’s balance sheet, income statement, and cash flow statement.

In addition, we must certify to Nasdaq that the committee has, and will continue to have, at least one member who has past employment experience in finance or accounting, requisite professional certification in accounting, or other comparable experience or background that results in the individual’s financial sophistication. The board of directors has determined that Mr. Wei(Victor) Zhang qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

Compensation Committee

Upon the