Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 1187

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1187
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 necessary for directors to possess.
In general, in identifying and evaluating nominees for director, the Board of Directors considers educational background, diversity of
professional experience, knowledge of our business, integrity, professional reputation, independence, wisdom, and the ability to represent
the best interests of our shareholders.

Compensation
Committee

We
have established a compensation committee of the Board of Directors. Messrs. Gary Wunderlich, Dr. Joong Myung Cho and Young Min Kim serve
as members of our compensation committee, and Gary Wunderlich chairs the compensation committee. Under Nasdaq listing standards and applicable
SEC rules, we are required to have at least two members of the compensation committee, all of whom are independent. Gary Wunderlich,
Dr. Joong Myung Cho and Young Min Kim meet the independent director standard under Nasdaq listing standards applicable to members of
the compensation committee.

67

We
have adopted a compensation committee charter, which details the principal functions of the compensation committee, including:

    ●
    reviewing
    and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation,
    if any is paid by us, evaluating our Chief Executive Officer’s performance in light of such goals and objectives and determining
    and approving the remuneration (if any) of our Chief Executive Officer based on such evaluation;

    ●
    reviewing
    and approving on an annual basis the compensation, if any is paid by us, of all of our other officers;

    ●
    reviewing
    on an annual basis our executive compensation policies and plans;

    ●
    implementing
    and administering our incentive compensation equity-based remuneration plans;

    ●
    assisting
    management in complying with our proxy statement and annual report disclosure requirements;

    ●
    approving
    all special perquisites, special cash payments and other special compensation and benefit arrangements for our officers and employees;

    ●
    if
    required, producing a report on executive compensation to be included in our annual proxy statement; and

    ●
    reviewing,
    evaluating, and recommending changes, if appropriate, to the remuneration for directors.

Notwithstanding
the foregoing, as indicated above, no compensation of any kind, including finders, consulting, or other similar fees, will be paid to
any of our existing shareholders, officers, directors, or any of their respective affiliates, prior to, or for any services they render
in order to effectuate the consummation of an