Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 100

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 100
---
 represented by a labor union or covered by a collective bargaining agreement. The Company considers
its relationship with employees to be good. As of the date of this Annual Report on 20-F, the Company has not experienced work stoppages,
strikes, or any disputes with its employees.

The
following table sets forth the number of the Company’s employees categorized by function as of December 31, 2024.

  Employee Number Function           
 ─────────────────────────────────────
  Manufacturing                 234  
  Management                     28  
  Administrative                 25  
  Sales and Marketing            89  
  Research & Development         19  
  Total                         395  

E. Share Ownership

The
following table sets forth information regarding the beneficial ownership of the ordinary shares as of the date hereof by:

  each                                                                                           

  each                                          

  all                                                  

Beneficial
ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security
if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are currently
exercisable or exercisable within 60 days.

The
calculations in the table below are based on 37,749,381 ordinary shares issued and outstanding as of December 31, 2024. Unless otherwise
indicated, we believe that all persons named in the table have sole voting and investment power with respect to all ordinary shares beneficially
owned by them.

  Name and Address of Beneficial Owner                                                   
 ─────────────────────────────────────────────────────────────────────────────────────────
  Directors and Executive Officers (1):                                                  
  David Chuang                                                     3,075,055      8.15   
  Shintaro Tanahara (2)                                            6,293,415      16.67  
  Warren Cheng-Teng, Huang                                            72,441      0.19   
  Nick Ping-Chin, Chen                                                     —      —      
  Alan Yu-Cheng, Li                                                        —      —      
  Huoy-Ming Yeh                                                            —      —      
  Marie Wen-Chi, Chao                                                 34,410      0.09   
  Carie Hui-Ting, Hsu                                                 14,488      0.04   
  Kerry Lin Liu                                                            —      —      
  Richard Qi Li                                                            0      —      
  All officers and directors as a group (10 individuals) (3)       9,