Company: AAM-UN
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001213900-25-022743
Chunk: 41

Company: AA Mission Acquisition Corp.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 41
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 the first
class of directors, consisting of Zhongxuan Li and Wenzhong Zhao, will expire at our first annual meeting of shareholders. The term of
office of the second class of directors, consisting of Zhenxing Wang and Shibin Fang, will expire at the second annual meeting of
shareholders. The term of office of the third class of directors, consisting of Daoyong Xing and Qing Sun, will expire at the third annual
meeting of shareholders.

Only holders of Class B ordinary
shares will have the right to vote on the election of directors prior to or in connection with the completion of our initial business
combination. Holders of our public shares will not be entitled to vote on the election of directors during such time. These provisions
of our second amended and restated memorandum and articles of association relating to the rights of holders of Class B ordinary shares
to elect directors may be amended by a special resolution passed by a majority of at least 90% of our ordinary shares voting in a general
meeting.

Our officers are appointed
by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of
directors is authorized to appoint officers as it deems appropriate pursuant to our second amended and restated memorandum and articles
of association.

Director Independence

The rules of the NYSE require
that a majority of our board of directors be independent within one year of our IPO. Our board of directors has determined that each of
Wenzhong Zhao, Zhongxuan Li, Daoyong Xing and Zhenxing Wang are “independent directors” as defined in the NYSE listing standards
and applicable SEC rules. Our independent directors 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, nominating and corporate governance committee and a compensation committee. Subject to phase-in rules, the rules of
Nasdaq and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors.
Each committee operates under a charter that was approved by our board and has the composition and responsibilities described below.

Audit Committee

Our board of directors has
established an audit committee of the board of directors. Mr. Zhongxuan Li, Mr. Daoyong Xing and Mr. Zhenxing Wang serve
as members of