Company: FSHPU
Filing Date: 2025-11-12
Form Type: DEF 14A
Source: 0001829126-25-009060
Chunk: 14

Company: Flag Ship Acquisition Corp
Filing Date: 2025-11-12
Form: DEF 14A
Chunk 14
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center'>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” THE

ADJOURNMENT OF THE ANNUAL MEETING TO A LATER DATE OR DATES TO PERMIT
FURTHER SOLICITATION OF PROXIES.

9

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

Under Rule 13d-3, a beneficial owner of a security includes any person who, directly
or indirectly, through any contract, arrangement, understanding, relationship, or
otherwise has or shares: (i) voting power, which includes the power to vote, or to
direct the voting of shares; and (ii) investment power, which includes the power to
dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially
owned by more than one person (if, for example, persons share the power to vote or
the power to dispose of the shares). In addition, shares are deemed to be beneficially
owned by a person if the person has the right to acquire the shares (for example,
upon exercise of an option) within 60 days of the date as of which the information
is provided. In computing the percentage ownership of any person, the amount of shares
outstanding is deemed to include the amount of shares beneficially owned by such person
(and only such person) by reason of these acquisition rights.

The following table sets forth information known to us regarding the actual beneficial
ownership of our shares as of the Record Date by (i) each person who is the beneficial owner of more than
5% of the outstanding shares of our shares and (ii) each of our current executive officers and directors.

Unless otherwise indicated, we believe that all persons named in the table below have
sole voting and investment power with respect to all shares of shares beneficially owned by them.

| Name and Address of Beneficial Owner(1)                                                         |     | Amount and              
 Nature of               
 Beneficial Ownership(3) |           |     | Approximate   
 Percentage of 
 Outstanding   
 Ordinary      
 Shares(3)     |       |   |
| Sponsor, directors and officers                                                                 |     |                         |           |     |               |       |   |
| Whale Management Corporation(2)                                                                 |     |                         | 1,963,000 |     |               | 39.06 | % |
| Matthew Chen(2)                                                                                 |     |                         | 1,963