Company: FTII
Filing Date: 2025-04-09
Form Type: 10-K
Source: 0001641172-25-003384
Chunk: 871

Company: FutureTech II Acquisition Corp.
Filing Date: 2025-04-09
Form: 10-K
Item: Item 2
Chunk 871
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 business
combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any
agreements with our officers and directors that provide for benefits upon termination of employment.

Committees
of the Board of Directors

Our
board of directors has two standing committees: an audit committee and a compensation committee. Subject to phase-in rules and a limited
exception, Nasdaq rules and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of
independent directors, and Nasdaq rules require that the compensation committee of a listed company be comprised solely of independent
directors.

Audit
Committee

We
established an audit committee of the board of directors. Neil Bush and Jeffrey Moseley serve as members of our audit committee, and
Jonathan McKeage chairs the audit committee. Under the Nasdaq listing standards and applicable SEC rules, we are required to have at
least three members of the audit committee, all of whom must be independent. Each of Messrs. Bush, McKeage, and Moseley meet the independent
director standards under Nasdaq listing standards and under Rule 10-A-3(b)(1) of the Exchange Act.

Each
member of the audit committee is financially literate, and our board of directors has determined that Mr. McKeage qualifies as an “audit
committee financial expert” as defined in applicable SEC rules.

We
adopted an audit committee charter, which details the principal functions of the audit committee, including:

    ●
    the
    appointment, compensation, retention, replacement, and oversight of the work of the independent registered public accounting firm
    engaged by us;

    ●
    pre-approving
    all audit and permitted non-audit services to be provided by the independent registered public accounting firm engaged by us, and
    establishing pre-approval policies and procedures;

    ●
    setting
    clear hiring policies for employees or former employees of the independent registered public accounting firm, including but not limited
    to, as required by applicable laws and regulations;

30

    ●
    setting
    clear policies for audit partner rotation in compliance with applicable laws and regulations;

    ●
    obtaining
    and reviewing a report, at least annually, from the independent registered public accounting firm describing (i) the independent
    registered public accounting firm’s internal quality-control procedures, (ii) any material issues raised by the most recent
    internal quality-control