Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 99

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 99
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 securities, during a restricted period.

Committees
of the Board of Directors

We
have established a separately standing audit committee, nominating and corporate governance committee and compensation committee. The
board has adopted a charter for each of these committees.

Audit
Committee

The
audit committee of the board is composed of three members with Nick Pin-Chia Chen serving as chairperson. The board has determined
that all such directors meet the independence requirements under the Nasdaq Listing Rules and under Rule 10A-3 of the Exchange Act.
Each member of the audit committee is financially literate, in accordance with Nasdaq audit committee requirements, and possesses prior
experience sitting in auditing committees of publicly-listed companies. In arriving at this determination, the board examined each
audit committee member’s scope of experience and the nature of their prior and/or current employment.

Nominating
and Corporate Governance Committee

The
nominating and corporate governance committee of the board is composed of three members with Nick Pin-Chia Chen serving
as chairperson. The nominating and corporate governance committee is responsible for the assessment of the performance of the board,
considering and making recommendations to the board with respect to the nominations or elections of directors and other governance issues.

Compensation
Committee

The
compensation committee of the board is composed of three members with Nick Pin-Chia Chen serving as chairperson. The compensation
committee is responsible for reviewing and making recommendations to the board regarding our compensation policies for our officers and
all forms of compensation. The compensation committee also administers our equity-based and incentive compensation plans and makes
recommendations to the board about amendments to such plans and the adoption of any new employee incentive compensation plans.

Code
of Ethics

We
have adopted a Code of Ethics that applies to all of our employees, officers, and directors. This includes our principal executive officer,
principal financial officer, and principal accounting officer or controller, or persons performing similar functions. We intend to disclose
on our website any future amendments of the Code of Ethics or waivers that exempt any principal executive officer, principal financial
officer, principal accounting officer or controller, persons performing similar functions, or our directors from provisions in the Code
of Ethics.

D. Employees

As
of December 31, 2024, the Company had 394 full-time employees, engaging in functions including administration, management,
manufacturing, sales and marketing and research and development. The chart below describes the distribution of employees by function.
None of the Company’s employees are