{"url_path":"/sec/hovr/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 Principal Accountant Fees and Services.","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-16","source_url":"https://www.sec.gov/Archives/edgar/data/1930021/0001213900-26-078490-index.html","accession_number":"0001213900-26-078490","cik":"0001930021","ticker":"HOVR","issuer_name":"New Horizon Aircraft Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1930021/0001213900-26-078490-index.html","primary_entity_key":"0001930021","primary_entity_name":"New Horizon Aircraft Ltd."},"word_count":451,"has_tables":true,"body_markdown":"Item 14. Principal Accountant Fees and Services. \n\n \n\nOn\nJune 1, 2026, Horizon’s audit committee approved the continued engagement of MNP LLP (“MNP”) as the Company’s\nindependent registered public accounting firm for the Company’s fiscal year-ended May 31, 2026.\n\n \n\nFees Paid to Independent\nRegistered Public Accounting Firm\n\n \n\nThe following table provides information regarding the fees billed\nby MNP for the fiscal years-ended May 31, 2026 and 2025 (000’s $CAD).\n\n \n\n  \n2026  \n2025 \n\nAudit Fees (1)   \n 140  \n 166 \n\nAudit-Related Fees (2)   \n 84  \n 44 \n\nTax Fees (3)   \n 42  \n 17 \n\nAll Other Fees (4)   \n -  \n - \n\n \n\n(1)\n*Audit Fees. *Audit fees consist of fees billed for professional services rendered for the audit of our year-end financial statements and services that are normally provided by our independent registered public accounting firm in connection with statutory and regulatory filings.\n\n \n\n(2)\n*Audit-Related Fees*. Audit-related fees consist of fees billed for assurance and related services that are reasonably related to performance of the audit or review of our year-end financial statements and are not reported under “Audit Fees.” These services include attest services that are not required by statute or regulation and consultation concerning financial accounting and reporting standards.\n\n \n\n(3)\n*Tax Fees. *Tax fees consist of fees billed for professional services relating to tax compliance, tax planning and tax advice.\n\n \n\n(4)\n*All Other Fees*. All other fees consist of fees billed for all other services.\n\n \n\nAudit Committee Pre-Approval\nPolicy and Procedures\n\n \n\nThe\naudit committee has pre-approved all auditing services and permitted non-audit services to be performed for us by our auditors, including\nthe fees and terms thereof (subject to the de minimis exceptions for non-audit services described in the Exchange Act which are approved\nby the audit committee prior to the completion of the audit).\n\n \n\nHorizon’s\naudit committee’s policy is to pre-approve all audit and permissible non-audit services provided by our independent registered public\naccounting firm, the scope of services provided by our independent registered public accounting firm and the fees for the services to\nbe performed. These services may include audit services, audit-related services, tax services and other services. Pre-approval is detailed\nas to the particular service or category of services and is generally subject to a specific budget. Our independent registered public\naccounting firm and management are required to periodically report to the audit committee regarding the extent of services provided by\nour independent registered public accounting firm in accordance with this pre-approval, and the fees for the services performed to date.\n\n  \n\nOur\naudit committee adopted its committee charter that sets forth the authority and procedures pursuant to which the audit committee shall\npre-approve (or, where permitted under SEC rules to subsequently approve) audit and non-audit services proposed to be performed by the\nindependent auditor.\n\n \n\n74\n\n \n\n \n\nPART IV"}