Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 158

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 6
Chunk 158
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 Our chief executive officer may not be present at any committee meeting during which his compensation is deliberated.

The compensation committee
is responsible for, among other things:

  reviewing and recommending to the board the total compensation package for our four most senior executives;  

  approving and overseeing the total compensation package for our executives other than the four most senior executives;  

  reviewing and making recommendations to the board of directors with respect to the compensation of our directors; and  

  reviewing periodically and recommending any long-term incentive compensation or equity plans, programs or similar arrangements for consideration by the board of directors, annual bonuses, emplo...  

Nominating and Corporate Governance Committee

Our nominating and corporate
governance committee consists of Mr. Leo Lu, Mr. Huaiyu Liu and Ms. Yeeli Hua Zheng. Mr. Leo Lu is the chairman of our nominating and
corporate governance committee. We have determined that each of Mr. Huaiyu Liu and Ms. Yeeli Hua Zheng satisfies the “independence”
requirements of the Nasdaq Stock Market Rules.

The nominating and corporate
governance committee assists the board of directors in selecting directors and in determining the composition of our board and board committees.
The nominating and corporate governance committee is responsible for, among other things:

  identifying and recommending nominees for election or re-election to our board of directors, or for appointment to fill any vacancy;  

  reviewing annually with our board of directors its composition in light of the characteristics of independence, age, skills, experience and availability of service to us;  

  identifying and recommending to our board the directors to serve as members of committees;  

  advising the board periodically with respect to developments in the law and practice of corporate governance as well as our compliance with applicable laws and regulations;  

  making recommendations to our board of directors on corporate governance matters and on any corrective action to be taken; and  

  monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure compliance.  

  Employees  
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As of December 31, 2022, 2023
and 2024, we had 26, 29 and 34 full-time employees, who have been engaged by the subsidiaries of BitFuFu and primarily work in Singapore,
the U. S. and UAE during employment terms.

None of our employees are
represented by a labor union or covered by collective bargaining agreements, and we have not experienced any work stoppages.