Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 97

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 97
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C. Board Practices

Board
of Directors

Our
board of directors consists of seven directors, namely David Chuang, Kerry Lin Liu, Shintaro Tanahara, Nick Pin-Chia Chen, Alan Yu-Cheng
Li, Huoy-Ming Yeh and Richard Qi Li, including four independent directors, namely Nick Pin-Chia Chen, Alan Yu-Cheng Li, Huoy-Ming Yeh
and Richard Qi Li. Nasdaq Stock Market Listing Rules generally require that a majority of an issuer’s board of directors must consist
of independent directors. However, as a foreign private issuer, we are exempt from this requirement.

Duties
of Directors

Under
Cayman Islands law, our directors owe fiduciary duties to our company, including a duty of loyalty, a duty to act honestly, and a duty
to act in good faith in what they consider to be in our best interests. Our directors must also exercise their powers only for a proper
purpose. Our directors also have a duty to exercise the skills they actually possess and such care and diligence that a reasonably prudent
person would exercise in comparable circumstances. In fulfilling their duty of care to us, our directors must ensure compliance with
our memorandum and articles of association as may be amended from time to time. We have a right to seek damages against any director
who breaches a duty owed to us. The functions and powers of our board of directors include, among others:

  convening                                                                                       

  declaring                     

  appointing                                                    

  exercising                                                                       

Terms
of Directors and Officers

Our
officers are elected by and serve at the discretion of the board of directors. Our directors are not subject to a term of office and
hold office until their resignation, death or incapacity, or until their respective successors have been elected and qualified or until
his or her office is otherwise vacated in accordance with our amended and restated articles of association. A director will also be removed
from office automatically if, among other things, the director (i) becomes bankrupt or makes any arrangement or composition with
his creditors, (ii) dies or is found to be or becomes of unsound mind, (iii) resigns his office by notice in writing, (iv) is
prohibited by any applicable law or designated stock exchange rules from being a director, or (v) is removed from office pursuant
to any other provisions of our amended and restated memorandum and articles of association.

Indemnification
and Insurance