Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 48

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 8
Chunk 48
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 4.
    Experience
    with internal controls and procedures for financial reporting; and

    5.
    An
    understanding of audit committee functions.

Currently,
our Company does not have an audit committee or an audit committee financial expert (as defined in Item 407 of Regulation S-K) serving
on its Board of Directors because given the early stage of our business development, it is costly to retain an independent Director who
qualify as an audit committee financial expert. However, we expect, in the foreseeable future, to form such a committee composed of our
non-employee directors. We may in the future attempt to add a qualified board member to serve as an audit committee financial expert
in the future, subject to our ability to locate and compensate such a person. The audit committee’s duties will be to recommend
to our Company’s Board of Directors the engagement of an independent registered public accounting firm to audit our Company’s
financial statements and to review our Company’s accounting and auditing principles.

Corporate
Governance

The
Company promotes accountability for adherence to honest and ethical conduct; endeavours to provide full, fair, accurate, timely and understandable
disclosure in reports and documents that the Company files with the Securities and Exchange Commission (the “SEC”) and in
other public communications made by the Company; and strives to be compliant with applicable governmental laws, rules and regulations.
The Company has not formally adopted a written code of business conduct and ethics that governs the Company’s employees, officers
and Directors as the Company is not required to do so.

In
lieu of an Audit Committee, the Company’s Board of Directors, is responsible for reviewing and making recommendations concerning
the selection of outside auditors, reviewing the scope, results and effectiveness of the annual audit of the Company’s financial
statements and other services provided by the Company’s independent public accountants. The Board of Directors, the Chief Executive
Officer and the Chief Financial Officer of the Company review the Company’s internal accounting controls, practices and policies.

Code
of Ethics

We
have not adopted a formal Code of Ethics. The Board of Directors evaluated the business of the Company and the number of employees and
determined that since the business is operated by a small number of persons, general rules of fiduciary duty and federal and state criminal,
business conduct and securities laws are adequate ethical guidelines. In the event our operations, employees and/or Directors expand
in the future, we may take actions to adopt a formal Code of Ethics.

Invol