Company: FSHPU
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001829126-25-001450
Chunk: 140

Company: Flag Ship Acquisition Corp
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1
Chunk 140
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 by the most recent internal quality-control review, or peer review, of the audit firm,
    or by any inquiry or investigation by governmental or professional authorities, within, the preceding five years respecting one or
    more independent audits carried out by the firm and any steps taken to deal with such issues;

    ●
    reviewing and approving
    any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us
    entering into such transaction; and

    ●
    reviewing with
    management, the independent auditors, and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including
    any correspondence with regulators or government agencies and any employee complaints or published reports that raise material issues
    regarding our financial statements or accounting policies and any significant changes in accounting standards or rules promulgated
    by the Financial Accounting Standards Board, the SEC or other regulatory authorities.

Compensation
Committee

The
members of our Compensation Committee are Ms. Cui, Mr. Liu and Mr. He. Mr. He serves as chairman of the compensation committee.
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, 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’s based on such evaluation;

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    ●
    reviewing and approving
    the compensation of all of our other officers;

    ●
    reviewing 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;

    ●
    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.

The
charter also provides that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant,
legal counsel or other adviser and will be directly responsible for the appointment,