Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 120

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 120
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 whole of the share capital at the commencement of
the winding up, the surplus shall be distributed amongst our shareholders in proportion to the par value of the shares held by them at
the commencement of the winding up, subject to a deduction from those shares in respect of which there are monies due, of all monies
payable to our company for unpaid calls or otherwise. If our assets available for distribution are insufficient to repay all of the paid
up share capital, the assets will be distributed so that, as nearly as possible, the losses are borne by our shareholders in proportion
to the par value of the shares held by them at the commencement of the winding up. Any distribution of assets or capital to a holder
of our ordinary share will be the same in any liquidation event.

On
the winding up of our company, if the assets available for distribution amongst ourshareholders are more than sufficient to repay the
whole of the share capital at the commencement of winding up, the surplus will be distributed amongst our shareholders in proportion
to the par value of the shares held by them at the commencement of the winding up, subject to a deduction from those shares in respect
of which there are monies due, of all monies payable to our company for unpaid calls or otherwise. If our assets available for distribution
are insufficient to repay the whole of the share capital, the assets will be distributed so that as nearly as may be the losses are borne
by our shareholders in proportion to the par value of the shares held by them.

Indemnification
of Directors and Executive Officers and Limitation of Liability

Cayman
Islands law does not limit the extent to which a company’s articles of association may provide for indemnification of officers
and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such
as to provide indemnification against civil fraud or the consequences of committing a crime. Our amended and restated memorandum and
articles of association permit indemnification of officers and directors from and against all actions, proceedings, costs, charges, losses,
damages and liabilities which they or any of them, their or any of their personal representatives, incurred or sustained by them, other
than by reason of their own dishonesty, willful default or fraud, in or about the conduct of our business or affairs (including as a
result of any mistake of judgment) or in the execution or discharge of their duties, powers, authorities or discretions,