Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 134

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 134
---
 FST Board or for appointment as senior management and in general with regard to succession planning for the FST Board and senior management; and •as required, engage qualified independent external advisors to assist the FST Board in conducting its search for candidates that meet the board of directors’ criteria regarding skills, experience and diversity. Code of Ethics FST will adopt a Code of Ethics that applies to all of its employees, officers, and directors. This includes FST’s 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. 90 DESCRIPTION OF SECURITIES Pursuant to the Amended and Restated Memorandum and Articles of Association, FST is authorized to issue 500,000,000 Ordinary Shares of par value of US$0.0001 each (“Ordinary Shares”). As of the date of this Prospectus, there are 44,766,003 Ordinary Shares issued and outstanding. Ordinary Shares As of the date of this Prospectus, all of FST’s issued and outstanding shares are fully paid and non -assessable. Its shares are issued in registered form, and are issued when registered in our register of members. Unless the board of directors determine otherwise, each holder of its shares will not receive a certificate in respect of such ordinary shares. Our shareholders who are non -residentsof the Cayman Islands may freely hold and vote their ordinary shares. We may not issue shares to bearer. Subject to the provisions of the Cayman Companies Act and provisions of the FST Listing Articles regarding redemption and purchase of the shares, the directors have general and unconditional authority to allot (with or without confirming rights of renunciation), grant options over or otherwise deal with any unissued shares to such persons, at such times and on such terms and conditions as they may decide. The directors may deal with unissued shares either at a premium or at par, or with or without preferred, deferred or other special rights or restrictions, whether in regard to dividend, voting, return of capital or otherwise. No share may be issued at a discount except in accordance with the provisions of the Cayman Companies Act. The directors may refuse to accept any application for shares, and may accept any application in whole or in part, for any reason or for no reason.