Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 985

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 9A
Chunk 985
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 Chu, and Prof. Albert Yu, each of whom is an independent
director under Nasdaq’s listing standards. Prof. Albert Cheung-Hoi Yu is the Chairperson of the compensation committee. The compensation
committee’s duties, which are specified in our Compensation Committee Charter, include, but are not limited to:

    ●
    reviewing at least annually the goals and objectives of the Company’s executive compensation plans, and amend, or recommend that the board amend, these goals and objectives if the committee deems it appropriate;

    ●
    reviewing at least annually the Company’s executive compensation plans in light of the Company’s goals and objectives with respect to such plans, and, if the committee deems it appropriate, adopt, or recommend to the board the adoption of, new, or the amendment of existing, executive compensation plans;

    ●
    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; and

    ●
    if required, producing a report on executive compensation to be included in our annual proxy statement.

No other compensation of any
kind, including finders, consulting or other similar fees, will be paid to any of our existing shareholders, including our directors or
any of their respective affiliates, prior to, or for any services they render in order to effectuate, the consummation of a business combination.
Accordingly, it is likely that prior to the consummation of an initial business combination, the compensation committee will only be responsible
for the review and recommendation of any compensation arrangements entered into in connection with such initial business combination.

Conflicts of Interest

Potential investors should
be aware of the following potential conflicts of interest:

    ●
    None of our officers and directors is required to commit their full time to our affairs and, accordingly, they may have conflicts of interest in allocating their time among various business activities.

    ●
    In the course of their other business activities, our officers and directors may become aware of investment and business opportunities which may be appropriate for presentation to our company as well as the other entities with which they are affiliated. Our management has pre-existing fiduciary duties and contractual obligations and may have conflicts of interest in determining to which entity a particular business opportunity should be presented.

    ●
    Our officers and directors may in the future become affiliated with entities, including other blank check companies, engaged in business activities similar to