{"url_path":"/sec/hlp/10-k/2026/item-16g","section_key":"item-16g","section_title":"Item 16G CORPORATE GOVERNANCE**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1855557/0001213900-26-055737-index.html","accession_number":"0001213900-26-055737","cik":"0001855557","ticker":"HLP","issuer_name":"Hongli Group Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1855557/0001213900-26-055737-index.html","primary_entity_key":"0001855557","primary_entity_name":"Hongli Group Inc."},"word_count":262,"has_tables":true,"body_markdown":"**Item 16G. CORPORATE GOVERNANCE**\n\n \n\nAs a Cayman Islands exempted company listed on\nthe Nasdaq Capital Market, we are subject to the Nasdaq Stock Market Rules corporate governance listing standards. However, Nasdaq Stock\nMarket Rules permit a foreign private issuer like us to follow the corporate governance practices of its home country. Certain corporate\ngovernance practices in the Cayman Islands, which is our home country, may differ significantly from the Nasdaq Stock Market Rules.\n\n \n\nPursuant to Nasdaq Rule 5615(a)(3) (Exemptions\nfrom Certain Corporate Governance Requirements), the Company intends to adopt and follow certain Cayman Islands practices in lieu of\ncertain requirements under Nasdaq Rules 5605(b)(2), 5620, 5635, 5250(b)(3) and 5250(d). As such, in lieu of Nasdaq corporate governance\nrequirements, the Company intends:\n\n \n\n \n●\nnot to have regularly scheduled\nmeetings at which only independent directors (as defined under Nasdaq Marketplace Rule 5605(a)(2)) are present;\n\n \n \n \n\n \n●\nnot to hold annual meeting\nof shareholders;\n\n \n \n \n\n \n●\nto issue securities in connection\nwith (i) the acquisition of the stock or assets of another company; (ii) equity-based compensation of officers, directors, employees\nor consultants; (iii) a change of control; and (iv) transactions other than public offerings, each of the foregoing as defined under\nNasdaq Rules 5635(a)(b)(c)(d) without shareholders’ approval;\n\n \n \n \n\n \n●\nnot to disclose the material\nterms of all agreements and arrangements between any director or nominee for director, and any person or entity other than the Company,\nrelating to compensation or other payment in connection with such person’s candidacy or service as a director of the Company;\nand\n\n \n \n \n\n \n●\nnot to distribute annual and\ninterim reports to shareholders.\n\n \n\n118"}