Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 156

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16
Chunk 156
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 the consolidated financial statements of Femco as of and for the
years ended December 31, 2023, and 2022, did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified
as to uncertainty, audit scope, or accounting principles.

During the year ended December
31, 2022 and 2023, and the subsequent interim period through December 1, 2024, (i) there were no disagreements between the Company and
Enrome on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements,
if not resolved to their satisfaction, would have caused Enrome to make reference to such disagreements in its report on the financial
statements for such years; and (ii) there were no “reportable events” as such term is defined in Item 304(a)(1)(v) of Regulation
S-K).

The report of Enrome on Femco’s
balance sheets as of December 31, 2023 and 2022 and the related statements of operations, changes in shareholders’ deficit and cash
flows for the years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified
or modified as to uncertainty, audit scope or accounting principles.

During the years ended December
31, 2022 and 2023, and the subsequent interim period through December 1, 2024, neither the Company nor anyone acting on the Company’s
behalf consulted with KPMG Taiwan with respect to any of the matters or reportable events set forth in Item 304(a)(2) of Regulation
S-K.

ITEM 16G. CORPORATE GOVERNANCE

Foreign Private Issuer

We are a foreign private
issuer within the meaning of the rules under the Exchange Act and, as such, we are permitted to follow the corporate governance
practices of home country in lieu of the corporate governance standards of the stock exchange applicable to U. S. domestic companies.
For example, we are not required to have a majority of the board consisting of independent directors nor have a compensation committee
or a nominating and corporate governance committee consisting entirely of independent directors. We intend to continue to follow our
home country’s corporate governance practices as long as we remain a foreign private issuer. As a result, our shareholders may
not have the same protection afforded to shareholders of U. S. domestic companies that are subject to corporate governance requirements