{"url_path":"/sec/ifbd/10-k/2026/item-16g","section_key":"item-16g","section_title":"Item 16G CORPORATE GOVERNANCE**","topic":"sec","document":{"doc_type":"20-F/A","doc_date":"2026-06-12","source_url":"https://www.sec.gov/Archives/edgar/data/1815566/0001731122-26-000847-index.html","accession_number":"0001731122-26-000847","cik":"0001815566","ticker":"IFBD","issuer_name":"Infobird Co., Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1815566/0001731122-26-000847-index.html","primary_entity_key":"0001815566","primary_entity_name":"Infobird Co., Ltd"},"word_count":411,"has_tables":true,"body_markdown":"**ITEM 16G. CORPORATE GOVERNANCE**\n\n \n\nAs a Cayman Islands company listed\non the Nasdaq Capital Market, we are subject to the Nasdaq corporate governance listing standards. The Nasdaq rules permit a foreign private\nissuer like us to follow the corporate governance practices of its home country. Certain corporate governance practices in the Cayman\nIslands, which is our home country, may differ significantly from the Nasdaq corporate governance listing standards. We follow the following\nhome country practices in lieu of the Nasdaq Listing Rules as follows:\n\n \n\n \n●\nWe do not follow Nasdaq’s requirements regarding shareholder approval for certain issuances of securities under Nasdaq Listing Rule 5635. Under our memorandum and articles of association, our board of directors is authorized to issue securities including in connection with certain events such as the acquisition of shares or assets of another company, the establishment of or amendments to equity-based compensation plans for employees, a change of control of us, rights issues at or below market price, certain private placements and issuance of convertible notes, and the issuance of 20% or more of our outstanding ordinary shares.\n \n\n \n \n \n \n\n \n●\nWe have elected to follow Cayman Islands practices in lieu of the requirements of (i) having at least three Independent Directors (as defined under Nasdaq Listing Rule 5605(a)(2)) as members of the audit committee under Nasdaq Listing Rule 5605, (ii) having at least two Independent Directors (as defined under Nasdaq Listing Rule 5605(a)(2)) as members of the compensation committee under Nasdaq Listing Rule 5605, (iii) having a majority independent board under Nasdaq Listing Rule 5605, (iv) setting up an independent nominations committee or having independent director oversight of director nominations under Nasdaq Listing Rule 5605, and (v) holding annual meeting of shareholders under Nasdaq Listing Rule 5620(a). For more information on our board composition and practices, see “Item 6. Directors, Senior Management And Employees—A. Directors and Senior Management” and “—C. Board Practices.”\n \n\n \n\nOther than those described above,\nthere are no significant differences between our corporate governance practices and those followed by U.S. domestic companies under Nasdaq\ncorporate governance listing standards. We may in the future decide to use the foreign private issuer exemption with respect to some or\nall the other Nasdaq corporate governance rules. As a result, our shareholders may be afforded less protection than they otherwise would\nunder the Nasdaq corporate governance listing standards applicable to U.S. domestic issuers. We may utilize these exemptions for as long\nas we continue to qualify as a foreign private issuer."}