Company: FOXX
Filing Date: 2025-12-01
Form Type: DEF 14A
Source: 0001213900-25-116456
Chunk: 20

Company: Foxx Development Holdings Inc.
Filing Date: 2025-12-01
Form: DEF 14A
Chunk 20
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 committee financial expert within the meaning of SEC regulations and meets the financial sophistication requirements of the Nasdaq listing rules, based on review of Ms. Shen’s formal education and previous and current experience in financial and accounting roles. Both our independent registered public accounting firm and management periodically meet privately with the our audit committee. The audit committee’s responsibilities will include, among other things: •appointing, compensating, retaining, evaluating, terminating and overseeing our independent registered public accounting firm; •discussing with our independent registered public accounting firm their independence from management; •reviewing with our independent registered public accounting firm the scope and results of their audit; •pre -approvingall audit and permissible non -auditservices 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. 15 Compensation Committee Our compensation committee consists of Ms. Miao, Mr. Miller and Mr. Chiang, with Mr. Miller 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 are non -employeedirectors, as defined in Rule 16b -3promulgated under the Exchange Act. The Board determines that these individuals 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 -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.