Company: FGI
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001628280-25-018388
Chunk: 37

Company: FGI Industries Ltd.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 37
---
 compensation plans |     |           |
| Equity compensation plans approved by security holders     |     | 1,635,545(a)                                                                                |     |           |     | $1.82 per share                                                            |     |                 |     | 1,451,337(b)                                                                                 |     |           |
| Equity compensation plans not approved by security holders |     | —                                                                                           |     |           |     | —                                                                          |     |                 |     | —                                                                                            |     |           |
| Total                                                      |     |                                                                                             |     | 1,635,545 |     |                                                                            |     | $1.82 per share |     |                                                                                              |     | 1,451,337 |

_________________________________________________

(a) Of these shares, 630,334 were subject to non-qualified share options, 61,250 were subject to unvested restricted share units and 414,326 were subject to unvested performance-based restricted share units at target and 529,635 were subject to unvested performance-based options at target.

(b) 1,451,337 of these shares were available for issuance under our 2021 Equity Plan and 881,591 were available under our Employee Stock Purchase Plan.

### CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
The following is a description of transactions since January 1, 2023 to which we have been a party, in which the amount involved exceeds the lesser of $120,000 or one percent of the average of our total assets at year-end for the last two completed fiscal years, and in which any of our directors, executive officers or holders of more than 5% of our share capital, or an affiliate or immediate family member of any of the foregoing persons, had or will have a direct or indirect material interest, other than compensation arrangements for our directors and executive officers, which are described in “Executive Compensation.”

#### Reorganization
In connection with our internal restructuring and spin-out from Foremost Groups Ltd. (“Foremost”) prior to our IPO (the “Reorganization”), we are party to several supply, manufacturing and purchase agreements with Foremost and its affiliates. Foremost, our parent entity, holds approximately 71% of our ordinary shares as of the date of this report.

Shared Services Agreements

On January 14, 2022, FGI Industries Inc., a wholly-owned subsidiary of the Company, entered into a shared services agreement (the “FHI Shared Services Agreement”) with Foremost Home Inc.,