Company: BPAC
Filing Date: 2025-10-22
Form Type: S-1/A
Source: 0001185185-25-001525
Chunk: 167

Company: Blueport Acquisition Ltd
Filing Date: 2025-10-22
Form: S-1/A
Chunk 167
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daq Stock Market Listing Rules, which 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 Independent Directors will have regularly scheduled meetings at which only independent directors are
present.

We will only enter into a business
combination if it is approved by a majority of our independent directors. Additionally, we will only enter into transactions with our
officers and directors and their respective affiliates that are on terms no less favorable to us than could be obtained from independent
parties. Any related-party transactions must also be approved by our audit committee and a majority of disinterested independent directors.

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Committees of the Board of Directors

We will establish three committees
under the board of directors: an audit committee, a compensation committee and a corporate governance and nominating committee and will
adopt a charter for each of the three committees. Each committee’s members and functions are described below.

Audit committee

| ● | Under the Nasdaq Stock Market Listing Rules and applicable SEC rules, we are required to have three members of the audit committee, all of whom must be independent. Our audit committee will consist of Ms. Yieh, Mr. Silverman and Mr. Sanders, each of whom satisfies the “independence” requirements of Rule 5605(a)(2) of the Nasdaq Stock Market Rules and meet the independence standards under Rule 10A-3 under the Exchange Act. Mr. Silverman will be the Chairperson of the audit committee. The audit committee’s duties, which will be specified in our Audit Committee Charter, will include, but are not limited to: reviewing and discussing with management and the independent auditor the annual audited financial statements, and recommending to the board whether the audited financial statements should be included in our Form 10-K; |

| ● | discussing with management and the independent auditor significant financial reporting issues and judgments made in connection with the preparation of our financial statements; |

| ● | discussing with management major risk assessment and risk management policies; |

| ● | monitoring the independence of the independent auditor; |

| ● | verifying the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law; |

| ● | inquiring and discussing with management our