Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 430

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1C
Chunk 430
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ito was selected to serve as a director due to his experience in the financial services industry.

Number
and Terms of Office of Officers and Directors

We
have six directors as of the date of this Form 10-K. Our board of directors is divided into three classes with only one class of directors
being elected in each year and each class (except for those directors appointed prior to our first annual meeting of shareholders) serving
a three-year term. The term of office of the first class of directors, consisting of John DeVito, will expire at our first annual meeting
of shareholders. The term of office of the second class of directors, consisting of Xin Wang, David Bamper and Wei Lu, will expire at
the second annual meeting of shareholders. The term of office of the third class of directors, consisting of Yuk Man Lau and Guohan Li,
will expire at the third annual meeting of shareholders. There is no requirement under the Companies Act for us to hold annual or general
meetings to elect directors. We may not hold an annual meeting of shareholders until after we consummate our initial business combination.

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 persons to the offices set forth in our Second Amended and Restated Memorandum
and Articles of Association as it deems appropriate. Our Second Amended and Restated Memorandum and Articles of Association will provide
that our officers may consist of one or more Chairmen of the Board, one or more Chief Executive Officers, a President, a Chief Financial
Officer, Vice Presidents, Secretary, Treasurer, Assistant Secretary, and such other offices as may be determined by the board of directors.

Director
Independence

NASDAQ
listing standards require that a majority of our board of directors be independent. An “independent director” is defined
generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship
which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment
in carrying out the responsibilities of a director. Our board of directors has determined that each of John DeVito, We Lu, Yuk Man Lau
and Guohan Li are “independent directors” as defined in the NASDAQ listing standards and applicable SEC rules. Our audit
committee will be entirely composed of independent directors meeting NASDAQ’s additional requirements applicable to