Company: FSHPU
Filing Date: 2025-11-12
Form Type: DEF 14A
Source: 0001829126-25-009060
Chunk: 2

Company: Flag Ship Acquisition Corp
Filing Date: 2025-11-12
Form: DEF 14A
Chunk 2
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” through a bank, broker or other nominee, you will need to follow
the instructions provided to you by your bank, broker or other nominee to ensure that
your shares are represented and voted at the Annual Meeting.

Thank you for your support and continued interest in our Company.

| By Order of the Board of Directors, |
| /s/ Matthew Chen                    |
| Chairman of the Board of Directors  |

<div align='center'>Flag Ship Acquisition Corporation

26 Broadway, Suite 934
New York, NY 10006

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON December 18, 2025</div>

To the Shareholders of Flag Ship Acquisition Corporation:

NOTICE IS HEREBY GIVEN that an Annual Meeting of shareholders (the “Annual Meeting”) of Flag Ship Acquisition Corporation, a Cayman Islands corporation (“we,” “us,” “our” or the “Company”), will be held at 45 Broadway, 17 Floor, New York, NY 10006, on December 18, 2025 at 10:00 a.m. Eastern Time, and at any reconvened meeting following any adjournment
or postponement of the Annual Meeting.

You are cordially invited to attend the Annual Meeting for the following purposes:

| ● | The Director Election Proposal — to consider                                                                                                
 and vote upon a proposal to elect four directors to serve as members of the Board of Directors to hold office until the next annual meeting 
 of shareholders or until their respective successors have been elected and qualified;                                                       |

| ● | To approve the adjournment of the Annual Meeting to a later                                                                          
 date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the 
 Annual Meeting, there are not sufficient votes to approve any of the foregoing proposals.                                            |

The notice, this proxy statement and the form of proxy enclosed are being first sent
to our shareholders on or about November 12, 2025. Your proxy is revocable in accordance with the procedures set forth in the proxy
statement.

Only holders of the Company’s shares at the close of business on November 12, 2025 will be entitled to notice of, and to vote at, the Annual Meeting or at any adjournment
or postponement thereof.

Your attention is directed to the proxy statement accompanying this notice for a more
complete description of each of the proposals. We encourage you to read this