Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 662

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 2
Chunk 662
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 responsibilities will include, among other things:

    ●
    reviewing and approving
    corporate goals and objectives relevant to the compensation of our Chief Executive Officer, evaluating the performance of our Chief
    Executive Officer in light of these goals and objectives and setting or making recommendations to the Board regarding the compensation
    of our Chief Executive Officer;

    ●
    reviewing and setting or
    making recommendations to the Board regarding the compensation of the other executive officers;

    ●
    making recommendations
    to the Board regarding the compensation of directors;

    ●
    reviewing and approving
    or making recommendations to the Board regarding incentive compensation and equity-based plans and arrangements; and

    ●
    appointing and overseeing
    any compensation consultants.

Nominating
and Corporate Governance Committee

Our
nominating and corporate governance committee consists of Ms. Miao, Mr. Miller and Mr. Chiang, with Mr. Chiang as its
chair. The Board determines that each of Ms. Miao, Mr. Miller and Mr. Chiang is “independent” as defined under
the applicable listing standards of Nasdaq and SEC rules and regulations.

The
nominating and corporate governance committee’s responsibilities include, among other things:

    ●
    identifying individuals
    qualified to become members of the Board, consistent with criteria approved by the Board;

    ●
    recommending to the Board
    the nominees for election to the Board at annual meetings of shareholders;

    ●
    overseeing an evaluation
    of the Board and its committees; and

    ●
    developing and recommending
    to the Board a set of corporate governance guidelines. We believe that the composition and functioning of nominating and corporate
    governance committee meets the requirements for independence under the current Nasdaq Stock Market listing standards.

The
Board may from time to time establish such other committees.

Compensation
Committee Interlocks and Insider Participation

None of the executive officers currently serves, or has served during
the last year, as a member of the Board of Directors or compensation committee of any entity, that has one or more executive officers
who are expected to serve as a member of the Board.

Related
Person Transaction Policy 

We
have adopted a written Related Person Transactions Policy that set forth our policies and procedures regarding the identification, review,
consideration and oversight of “related person transactions.” Our audit committee approves only those transactions that it
determines are fair to us and in our best interests.

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