Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 126

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 126
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 is approved at the time of employment and bonuses are given based on performance; •Femco has purchased labor insurance and national health insurance for all its employees; •Femco provides on -siteeducation and vocational training pertaining to its business; and •detailed confidentiality provisions apply to all employees to protect Femco’s business secrets. As of February 27, 2024, Messrs. Nick Pin -ChiaChen, Alan Yu -ChengLi and Da -LiChuang resigned as independent directors of Femco by operation of law. Equity Incentive Plans As of the date of this prospectus, the Company does not have an incentive plan in effect, nor are there any share options outstanding. Company Employee Benefit Plan In relation to an employee retirement pension, Femco operates the employee pension system as required by the Taiwan Labor Pension Act and the Employee Welfare Fund Act. Pension payments are withdrawn from each respective employee’s salary on a monthly basis and stored in each respective employees’ labor pension personal special pension account established by the Taiwan Labor Insurance Bureau. In addition, employees can voluntarily contribute to their retirement pensions by making voluntary pension payments.

90 Femco had an employee option plan that existed from July 26, 2018 to July 25, 2021. It consisted of a total of 800,000 share available for issuance. Options were exercisable from September 26, 2018 through July 25, 2021. The issue price was New Taiwan Dollars 17 per share. In total, 105,000 shares were issued for a total issuance price of New Taiwan Dollars 1,785,000. This plan is no longer in effect. Apart from the employee option plan, Femco does not have any employee incentive plan and neither have any options been issued or remain outstanding. Historical Compensation of SPAC’s Executive Officers and Directors None of the officers or directors of SPAC have received any cash compensation for services rendered to SPAC. SPAC’s sponsor, officers and directors, or any of their respective affiliates were reimbursed for any out -of-pocketexpenses incurred in connection with activities on its behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. SPAC’s audit committee reviews on a quarterly basis all payments that were made to SPAC’s sponsor, officers or directors, or their affiliates. Any such payments prior to the Business Combination were made from funds held outside the Trust Account. Other than these payments and reimbursements, no compensation of any kind, including finder’s and consulting