Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 500

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 4
Chunk 500
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    appointing or replacing the independent auditor;

    ●
    determining the compensation and oversight of the work of the independent auditor (including resolution of disagreements between management and the independent auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work;

    ●
    establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our financial statements or accounting policies; and

    ●
    approving reimbursement of expenses incurred by our management team in identifying potential target businesses.

Financial Experts on Audit Committee

The audit committee will at
all times be composed exclusively of independent directors who are “financially literate” as defined under Nasdaq listing
standards. Nasdaq listing standards define “financially literate” as being able to read and understand fundamental financial
statements, including a company’s balance sheet, income statement and cash flow statement.

In addition, we must certify
to Nasdaq that the committee has, and will continue to have, at least one member who has past employment experience in finance or accounting,
requisite professional certification in accounting, or other comparable experience or background that results in the individual’s
financial sophistication. The board of directors has determined that Mr. Peter Ding is qualified as an “audit committee financial
expert,” as defined under rules and regulations of the SEC.

32

Nominating Committee

We have established a nominating
committee of the board of directors, which consists of Mr. Peter Ding, Mr. William Chu, and Prof. Albert Yu, each of whom is an independent
director under Nasdaq’s listing standards. Mr. William Chu is the Chairperson of the nominating committee. The nominating committee
is responsible for overseeing the selection of persons to be nominated to serve on our board of directors. The nominating committee considers
persons identified by its members, management, shareholders, investment bankers and others.

Guidelines for Selecting Director Nominees

The guidelines for selecting
nominees, which are specified in the Nominating Committee Charter, generally provide that the persons to be nominated:

    ●
    whether the candidate is independent pursuant to the requirements of the Nasdaq Global Market;

    ●
    whether the candidate is accomplished in his or her field and has a reputation, both personal and professional, that is consistent with the image and reputation of the Company;

    ●
    whether the candidate has the ability to read and understand basic financial statements;

    ●
    whether