Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2759

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 9C
Chunk 2759
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 does not purport to be complete and is qualified in its entirety by the terms and conditions of the Insider
Trading Policy, a copy of which is attached hereto as Exhibit 19 and is incorporated herein by reference.

Compensation Recovery and Clawback Policy

Under the Sarbanes-Oxley
Act, in the event of misconduct that results in a financial restatement that would have reduced a previously paid incentive amount, we
can recoup those improper payments from our executive officers. The SEC also recently adopted rules which direct national stock exchanges
to require listed companies to implement policies intended to recoup bonuses paid to executives if the company is found to have misstated
its financial results.

On December 29, 2023 our
Board of Directors approved the adoption of the Executive Compensation Clawback Policy (the “Clawback Policy”), with
an effective date of December 29, 2023, in order to comply with the final clawback rules adopted by the SEC under Rule 10D-1 under the
Exchange Act (the “Rule”), (the “Final Clawback Rules”).

The Clawback Policy provides
for the mandatory recovery of erroneously awarded incentive-based compensation from our current and former executive officers as defined
in the Rule (“Covered Officers”) in the event that we are required to prepare an accounting restatement, in accordance
with the Final Clawback Rules. The recovery of such compensation applies regardless of whether a Covered Officer engaged in misconduct
or otherwise caused or contributed to the requirement of an accounting restatement. Under the Clawback Policy, our Board of Directors
may recoup from the Covered Officers erroneously awarded incentive compensation received within a lookback period of the three completed
fiscal years preceding the date on which we are required to prepare an accounting restatement.

Role of our Board in Risk Oversight/Risk Committee

One of the key functions
of our Board is the informed oversight of our risk management process. Our Board does not have a standing risk management committee, but
rather administers this oversight function directly through our Board as a whole, as well as through various standing committees of our
Board that address risks inherent in their respective areas of oversight. For example, our audit committee is responsible for overseeing
the management of risks associated with our financial reporting, operational, privacy and cybersecurity, competition, legal, regulatory,
compliance and reputational matters; and our compensation committee oversees the management of risks associated with our compensation
policies and programs.

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Oversight of Cybersecurity