Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 131

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 131
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 each of Messrs. Nick Pin -ChiaChen, Alan Yu -ChengLi, and Richard Qi Li satisfy the “independence” requirements of the Nasdaq Stock Market Rules. The compensation committee assists the board in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors and executive officers. Our chief executive officer may not be present at any committee meeting during which his compensation is deliberated. The compensation committee is responsible for, among other things: •reviewing and recommending to the board the total compensation package for our four most senior executives; •approving and overseeing the total compensation package for our executives other than the four most senior executives; •reviewing and making recommendations to the board of directors with respect to the compensation of our directors; and •reviewing periodically and recommending any long -termincentive compensation or equity plans, programs or similar arrangements for consideration by the board of directors, annual bonuses, employee pension and welfare benefit plans. Nominating Corporate and Governance Committee Our nominating committee consists of Messrs. Nick Pin -ChiaChen, Alan Yu -ChengLi, and Richard Qi Li. Mr. Chen is the chairperson of our nominating committee. We have determined that each of Messrs. Nick Pin -ChiaChen, Alan Yu -ChengLi, and Richard Qi Li satisfiy the “independence” requirements of the Nasdaq Stock Market Rules. The nominating committee assists the board of directors in selecting directors and in determining the composition of our board and board committees. The nominating committee is responsible for, among other things: •identifying and recommending nominees for election or re -electionto our board of directors, or for appointment to fill any vacancy; •reviewing annually with our board of directors its composition in light of the characteristics of independence, age, skills, experience and availability of service to us; and •identifying and recommending to our board the directors to serve as members of committees. 88 Employment Agreements The Company has entered into written employment agreements with each of its executive officers. Pursuant to employment agreements, we have agreed to employ each of our executive officers for an initial term of one (1) year. Upon expiration of the one (1) -yearterm, the employment shall be automatically extended for successive 1 -yearterms unless either party gives the other party hereto a one (1) -monthprior written notice to terminate the employment prior to the expiration of the then current term. We may terminate the employment for