Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 98

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 98
---
Cayman
Islands law allows us to indemnify our directors, officers and auditors acting in relation to any of its affairs against actions, costs,
charges, losses, damages and expenses incurred by reason of any act done or omitted in the execution of their duties as our directors,
officers and auditors.

We
may indemnify our directors and officers to, among other persons, its directors and officers from and against all actions, costs, charges,
losses, damages and expenses which they or any of them may incur or sustain by reason of any act done, concurred in or omitted in or
about the execution of their duty or supposed duty in their respective offices or trusts or in or about the conduct of our business or
affairs (including as a result of any mistake of judgment), except such (if any) as they shall incur or sustain through their own fraud,
willful default or dishonesty.

Our
directors and officers will be indemnified by us and are covered by directors’ and officers’ liability insurance.

Foreign
Private Issuer Status

We
are a “foreign private issuer” under the securities laws of the United States and Nasdaq listing rules. Under the securities
laws of the United States, “foreign private issuers” are subject to different disclosure requirements than U. S. registrants.

The
Nasdaq listing rules include certain accommodations in the corporate governance requirements that allow foreign private issuers to follow
home country corporate governance practices in lieu of the otherwise applicable corporate governance standards of the Nasdaq. The application
of such exceptions requires that we disclose any significant ways that our corporate governance practices differ from the Nasdaq listing
rules that we do not follow.

Independence
of Directors

As
a result of its securities being listed on Nasdaq following consummation of the Business Combination, we adhere to the rules of such
exchange, as applicable to foreign private issuers and controlled companies, in determining whether a director is independent. Our board
of directors have consulted, and will consult, with its counsel to ensure that the board of director’s determinations are consistent
with those rules and all relevant securities and other laws and regulations regarding the independence of directors.

Insider
Trading Policy

We
have adopted an insider trading policy which will prohibit our executives, other employees and directors from: (i) trading in its
securities while in possession of material undisclosed information about us; and (ii) entering into certain derivative-based transactions
that involve, directly or indirectly, our