Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 673

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 1B
Chunk 673
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 such committees.

Audit
Committee Financial Expert

Our
Board of Directors has determined that we do not have a board member that qualifies as an “audit committee financial expert”
as defined in Item 407(D)(5) of Regulation S-K, nor do we have a Board member that qualifies as “independent” as the term
is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(14)
of the FINRA Rules.

30

Audit
committee financial expert means a person who has the following attributes:

    1.
    An
    understanding of generally accepted accounting principles and financial statements;

    2.
    Experience
    applying such generally accepted accounting principles in connection with the accounting for estimates, accruals, and reserves that
    are generally comparable to the estimates, accruals and reserves, if any, used in the registrant’s financial statements;

    3.
    Experience
    preparing or auditing financial statements that present accounting issues that are generally comparable to those raised by the registrant’s
    financial statements;

    4.
    Experience
    with internal controls and procedures for financial reporting; and

    5.
    An
    understanding of audit committee functions.

Currently,
our Company does not have an audit committee or an audit committee financial expert (as defined in Item 407 of Regulation S-K) serving
on its Board of Directors because given the early stage of our business development, it is costly to retain an independent Director who
qualify as an audit committee financial expert. However, we expect, in the foreseeable future, to form such a committee composed of our
non-employee directors. We may in the future attempt to add a qualified board member to serve as an audit committee financial expert
in the future, subject to our ability to locate and compensate such a person. The audit committee’s duties will be to recommend
to our Company’s Board of Directors the engagement of an independent registered public accounting firm to audit our Company’s
financial statements and to review our Company’s accounting and auditing principles.

Corporate
Governance

The
Company promotes accountability for adherence to honest and ethical conduct; endeavours to provide full, fair, accurate, timely and understandable
disclosure in reports and documents that the Company files with the Securities and Exchange Commission (the “SEC”) and in
other public communications made by the Company; and strives