Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 116

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 116
---
 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.

Share
Capital

Subject
to the provisions of the Cayman Companies Act and our amended and restated memorandum and articles of association and the Nasdaq listing
rules, where applicable, and without prejudice to any rights attached to any existing shares, all shares in our company are at the disposal
of the board, which may issue, allot, grant options over or otherwise dispose of them to such persons, at such times, on such terms and
conditions as it in its absolute discretion thinks fit.

Each
ordinary share shall be entitled to one (1) vote on all matters subject to vote at general and special meetings of the Company.

Subject
to the provisions of the Cayman Companies Act, amended and restated memorandum and articles of association and the Nasdaq listing rules,
where applicable, any share may be issued (a) with or have attached thereto such rights, or such restrictions, whether with regard
to dividend, voting, return of capital, or otherwise, as the directors may determine, and without prejudice to any rights attached to
any existing shares, or (b) on terms that, at the option of the Company or the holder thereof, it is liable to be redeemed.

Dividends

Subject
to the foregoing, the payment of cash dividends in the future, if any, will be at the discretion of the board of directors of our company
and will depend upon such factors as earnings levels, capital requirements, contractual restrictions, our overall financial condition,
available distributable reserves and any other factors deemed relevant by our board of directors. Under Cayman Islands law, a Cayman
Islands company may pay a dividend out of either profits (including retained earnings) or share premium, provided that in no circumstances
may a dividend be paid if this would result in us being unable to pay our debts as they fall due in the ordinary course of our business.

Even
if our board of directors decides to pay dividends, the form, frequency and amount will depend upon our future operations and