Company: FOXX
Filing Date: 2025-12-01
Form Type: DEF 14A
Source: 0001213900-25-116456
Chunk: 19

Company: Foxx Development Holdings Inc.
Filing Date: 2025-12-01
Form: DEF 14A
Chunk 19
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 the Company’s executive officers serve on that entity’s compensation committee; or •Been, or has a family member been, employed as a partner or employee of the Company’s outside auditors in any of the receding three years. 14 Board Leadership Structure and Role in Risk Oversight The Board’s primary responsibility is to seek to maximize long -termshareholder value. The Board selects our management, monitors management and Company performance, and provides advice and counsel to management. Among other things, the Board regularly reviews our business strategy and approves our budget. In fulfilling the Board’s responsibilities, non -employeedirectors have full access to our management, external auditors and outside advisers. Committees of the Board of Directors The Board directs the management of our business and affairs, as provided by Delaware law, and conduct its business through meetings of the Board and its standing committees. We have a standing audit committee, compensation committee, and nominating and corporate governance committee, each of which operates under a written charter. In addition, from time to time, special committees may be established under the direction of the Board when the Board deems it necessary or advisable to address specific issues. Current copies of our committee charters are posted on our website, as required by applicable SEC and Nasdaq listing rules. Audit Committee Our audit committee consist of Ms. Miao, Mr. Miller and Mr. Chiang, with Ms. Miao serving as its chair. If Ms. Shen’s nomination is approved by the stockholders of the Company in the Annual Meeting, Ms. Shen will succeed Ms. Miao as member and chair of the committee. The Board determines that each of these individuals satisfies the independence requirements of the Sarbanes -OxleyAct of 2002, as amended, or the Sarbanes -OxleyAct, Rule 10A -3under the Exchange Act and the applicable listing standards of Nasdaq. Each member of audit committee satisfies the requirements for financial literacy under the applicable Nasdaq listing rules. In arriving at this determination, the Board examined each audit committee member’s scope of experience and the nature of their prior and/or current employment. The Board determines that Ms. Miao qualifies as an audit committee financial expert within the meaning of SEC regulations and meets the financial sophistication requirements of the Nasdaq listing rules. In making this determination, the Board considered Ms. Miao’s formal education and previous and current experience in financial and accounting roles. The Board also determines that Ms. Shen, Ms. Miao’s replacement, qualifies as an audit