Company: FUFU
Filing Date: 2025-04-21
Form Type: 20-F
Source: 0001213900-25-033733
Chunk: 157

Company: Bitfufu Inc.
Filing Date: 2025-04-21
Form: 20-F
Item: Item 6
Chunk 157
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 the Board

We have established an audit
committee, a compensation committee and a nominating and corporate governance committee under our board of directors, and adopted a charter
for each of the three committees. Each committee’s members and functions are described below.

Audit Committee

Our audit committee consists
of Mr. Huaiyu Liu, Ms. Yeeli Hua Zheng and Mr. Joshua Kewei Cui. Mr. Huaiyu Liu is the chairman of our audit committee. We have determined
that each of Mr. Huaiyu Liu, Ms. Yeeli Hua Zheng and Mr. Joshua Kewei Cui satisfies the “independence” requirements of the
Nasdaq Stock Market Rules and Rule 10A-3 under the Exchange Act, and that Mr. Huaiyu Liu qualifies as an “audit committee financial
expert” under Nasdaq Stock Market Rules.

The audit committee oversees
our accounting and financial reporting processes and the audit of our financial statements. The audit committee is responsible for, among
other things:

  appointing our independent registered public accounting firm and pre-approving all auditing and non-auditing services performed by our independent registered public accounting firm;  

  reviewing with the independent registered public accounting firm any audit problems or difficulties and management’s response;  

  reviewing and approving all proposed related-party transactions, as defined in Item 404 of Regulation S-K under the Securities Act;  
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  discussing the annual audited financial statements with management and our independent registered public accounting firm;  

  annually reviewing and reassessing the adequacy of our audit committee charter;  

  meeting separately and periodically with management and our independent registered public accounting firm;  

  reporting regularly to the full board of directors; and  

  performing such other matters that are specifically delegated to the audit committee by our board of directors from time to time.  

Compensation Committee

Our compensation committee
consists of Ms. Yeeli Hua Zheng, Ms. Celine Lu and Mr. Huaiyu Liu. Ms. Yeeli Hua Zheng is the chairman of our compensation committee.
We have determined that each of Ms. Yeeli Hua Zheng and Mr. Huaiyu Liu satisfies the “independence” requirements of the Nasdaq
Stock Market Rules.

The compensation committee
assists the board in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors
and executive officers.