Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 124

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 124
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 the Cayman Islands against us or our directors
or officers predicated upon the securities laws of the United States or any state in the United States. In those circumstances,
although there is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, the courts of the Cayman
Islands will in certain circumstances recognize and enforce a foreign judgment, without any re-examination or re-litigation of
matters adjudicated upon, based on the principle that a judgment of a competent foreign court imposes upon the judgment debtor an obligation
to pay a liquidated sum for which judgment has been given, provided such judgment: (a) is given by a foreign court of competent jurisdiction;
(b) imposes on the judgment debtor a liability to pay a liquidated sum for which the judgment has been given; (c) is final and
conclusive; (d) is not in respect of taxes, a fine or a penalty; (e) was not obtained in a manner, and is not of a kind the
enforcement of which is contrary to natural justice or the public policy of the Cayman Islands. However, the Cayman Islands courts are
unlikely to enforce a judgment obtained from the U. S. courts under civil liability provisions of the U. S. federal securities
law if such judgment is determined by the courts of the Cayman Islands to give rise to obligations to make payments that are penal or
punitive in nature. A Cayman Islands court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere.

Anti-Money Laundering

In order to comply with legislation
or regulations aimed at the prevention of money laundering, we are required to adopt and maintain anti-money laundering procedures
and may require subscribers to provide evidence to verify their identity and source of funds. Where permitted, and subject to certain
conditions, we may also delegate the maintenance of our anti-money laundering procedures (including the acquisition of due diligence
information) to a suitable person.

We reserve the right to request
such information as is necessary to verify the identity of a subscriber. In some cases, the directors may be satisfied that no further
information is required since an exemption applies under the Anti-Money Laundering Regulations (Revised) of the Cayman Islands, as
amended and revised from time to time (the “ Regulations”). Depending on the circumstances of each application, a detailed
verification of identity might not be required where:

  the subscriber makes the payment for their investment from                          

  the subscriber is regulated by