Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 158

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 158
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ing the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures; •reviewing and approving all proposed related -partytransactions; •meeting separately and periodically with management and the independent auditors; and •monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance. Compensation Committee.Our compensation committee will consist of [Ms. Wai Chun Chik], [Mr.Cheuk Kwan Ng], and [Mr.Man Fai Kwan]. [Mr.Man Fai Kwan] will be the chairman of our compensation committee. We have determined that each of our compensation committee members satisfies the “independence” requirements of the Nasdaq Capital Market Company Guide. The compensation committee will assist the board in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors and executive officers. Our chief executive officer may not be present at any committee meeting during which his compensation is deliberated. The compensation committee will be responsible for, among other things: •reviewing and approving, or recommending to the board for its approval, the compensation for our chief executive officer and other executive officers; •reviewing and recommending to the board for determination with respect to the compensation of our non -employeedirectors; •reviewing periodically and approving any incentive compensation or equity plans, programs, or similar arrangements; and •selecting compensation consultant, legal counsel, or other adviser only after taking into consideration all factors relevant to that person’s independence from management. Nominating and Corporate Governance Committee.Our nominating and corporate governance committee will consist of [Ms. Wai Chun Chik], [Mr.Cheuk Kwan Ng], and [Mr.Man Fai Kwan]. [Mr.Cheuk Kwan Ng] will be the chairman of our nominating and corporate governance committee. We have determined that each of our nominating and corporate governance committee members satisfies the “independence” requirements of Rule 5605(a)(2) of the Nasdaq Capital Market Company Guide. The nominating and corporate governance committee will assist the board of directors in selecting individuals qualified to become our directors and in determining the composition of the board and its committees. The nominating and corporate governance committee will be responsible for, among other things: •selecting and recommending to the board nominees for election by the shareholders or appointment by the board; •reviewing annually with the board the current composition of the board in regard to characteristics such