Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 57

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 57
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 appropriateness of the accounting principles
and reporting policies that are used; and procedures designed to reasonably assure compliance with accounting standards, and applicable
laws and regulations. Management is also responsible for the effectiveness of Northann’s internal control over financial reporting,
and reports to the Audit Committee on any deficiencies found.

Northann’s independent
registered public accounting firm, LAO Professionals, is responsible for performing an independent audit of Northann’s consolidated
financial statements in accordance with standards of the Public Company Accounting Oversight Board (United States). The Audit Committee
is directly responsible for the selection, compensation, evaluation and oversight, and retention of Northann’s independent registered
public accounting firm, and evaluates its independence.

Under its written charter,
the Audit Committee has the authority to conduct any investigation appropriate to fulfilling its responsibilities, has direct access
to Northann’s independent registered public accounting firm as well as any of Northann’s employees, and has the ability to
retain, at Northann’s expense, special legal, accounting, or other experts or advisors it deems necessary in the performance of
its duties, apart from counsel or advisors hired by management.

Audit Committee members are
not acting as professional accountants or auditors, and their functions are not intended to duplicate or to certify the activities of
management or Northann’s independent registered public accounting firm. The Audit Committee serves a board-level oversight role
in which it provides advice, counsel, and direction to management and to the auditors on the basis of the information it receives, discussions
with management and the auditors, and the experience of the Audit Committee’s members in business, financial, and accounting matters.

In accordance with Audit
Committee policy and the requirements of law, the Audit Committee pre-approves all services to be provided by Northann’s independent
registered public accounting firm. Pre-approval includes audit services, audit-related services, tax services, and all other services.

The Audit Committee reviewed
and discussed with management its assessment of and report on the effectiveness of Northann’s internal control over financial reporting
as of December 31, 2024, which it made based on criteria established in Internal Control—Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway Commission (2013 framework).

The Audit Committee reviewed
and discussed the audited financial statements in Northann’s Annual Report on Form 10-K for the fiscal year ended December 31,
2024 with management and LAO Professionals. The Audit Committee also discussed with LAO Professionals the matters