Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 122

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 122
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 either fill a casual vacancy or as an addition to the existing directors. The
board of directors shall have power at any time to appoint any person as a director, either to fill casual vacancy or as an addition to
the existing directors.

Any director may in writing
appoint another person to be such director’s alternate, with the alternate having the authority to act in the director’s place
at any meeting at which the appointing director is unable to be present. A director may, but is not required to, appoint another director
to be an alternate.

Removal of Directors

A director may be removed from
office by special resolution of our company before the expiration of his or her period of office. A director will also cease to be a director
if he or she (i) dies, becomes bankrupt or makes any arrangement or composition with such director’s creditors generally; (ii) is
found to be or becomes of unsound mind; (iii) resigns the office of director by notice in writing to the company; (iv) is removed
from office pursuant to our amended and restated memorandum and articles of association; or (v) is prohibited, by any applicable
law or the rules of the stock exchange, from being a director.

Directors’ Fiduciary Duties

Under Cayman Islands law, directors
and officers owe the following fiduciary duties:

  duty to act in good faith in what the director or officer        

  duty to exercise powers for the purposes for which those  

  duty not to improperly fetter the exercise of future discretion;  

  duty to exercise powers fairly as between different sections  

  duty not to put themselves in a position in which there is                      

  duty to exercise independent judgment.  

In addition to the above, directors
and officers also owe a duty of care which is not fiduciary in nature. This duty has been defined as a requirement to act as a reasonably
diligent person having both the general knowledge, skill and experience that may reasonably be expected of a person carrying out the same
functions as are carried out by that director in relation to the company and the general knowledge skill and experience of that director.

Meetings of Shareholders

As a Cayman Islands exempted
company, we are not obliged by law to call annual general meetings. According to our amended and restated memorandum and articles of association,
we may hold an annual general meeting of the Company every year.

Capitalization of Profits and Reserves

Subject to applicable law