Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 62

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 62
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 favorable to us than those that would be available to us with respect to such
a transaction from unaffiliated third parties. Additionally, we require each of our directors and executive officers to complete a directors’
and officers’ questionnaire that elicits information about related party transactions.

41

These procedures are intended
to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the
part of a director, employee or officer.

To further minimize potential
conflicts of interest, we have agreed not to consummate a business combination with an entity which is affiliated with any of our initial
shareholders unless we obtain an opinion from an independent investment banking firm that the business combination is fair to our unaffiliated
shareholders from a financial point of view. Furthermore, in no event will any of our existing officers, directors or initial shareholders,
or any entity with which they are affiliated, be paid any finder’s fee, consulting fee or other compensation prior to, or for any
services they render in order to effectuate, the consummation of a business combination.

Director Independence

Nasdaq listing standards require
that a majority of our board of directors be independent. For a description of the director independence, see above Part III, Item 10
- Directors, Executive Officers and Corporate Governance.

Item 14. Principal Accountant Fees and
Services.

The following is a summary
of fees paid or to be paid to Adeptus Partners, LLC (“Adeptus”), for services rendered.

Audit Fees. Audit fees
consist of fees billed for professional services rendered for the audit of our year-end financial statements and services that are normally
provided by Adeptus in connection with regulatory filings. For the years ended December 31, 2024 and 2023, the aggregate fees billed by
Adeptus totaled approximately $37,000 and $33,000 for professional services rendered for the audit of our annual financial statements
and review of the financial information included in our regulatory filings.

Audit-Related Fees.
For the years ended December 31, 2024 and 2023, we did not pay Adeptus for consultations concerning financial accounting and reporting
standards.

Tax Fees. For the year
ended December 31, 2024 and 2023, we did not pay Adeptus for tax planning and tax advice.

All Other Fees. During
the years ended December 31, 2024 and 2023, we did not pay