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

Company: FGI Industries Ltd.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 25
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 price of our ordinary shares following the reverse share split will increase in proportion to the reduction in the number of ordinary shares outstanding before the reverse share split. A decline in the market price of our ordinary shares after the reverse share split may result in a greater percentage decline than would occur in the absence of a reverse share split, and the liquidity of our ordinary shares could be adversely affected following such a reverse share split.

In addition, the reverse stock split may increase the number of shareholders who own odd lots (less than 100 shares), depending on the final ratio. Shareholders who hold odd lots may experience an increase in the cost of selling their shares and may have greater difficulty in effecting sales.

#### Vote Required for Approval
The affirmative “FOR” vote from a majority of the votes cast at the Annual General Meeting is required to approve the Reverse Split Proposal.

The Board Recommends a Vote “FOR” the Reverse Split Proposal.

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PROPOSAL 3:
RATIFICATION OF SELECTION OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

The Board, acting on the recommendation of its Audit Committee, has selected Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm for 2025. Marcum was the Company’s independent registered public accounting firm for the most recently completed fiscal year.

Notwithstanding its selection of Marcum, the Audit Committee, in its discretion, may appoint another independent registered public accounting firm at any time during the year if the Audit Committee believes that such a change would be in the best interests of the Company and its shareholders. If the appointment of Marcum is not ratified by our shareholders, the Audit Committee may reconsider whether it should appoint another independent registered public accounting firm.

A representative of Marcum is expected to be present at the meeting, will have an opportunity to make a statement if he or she desires to do so, and will be available to respond to appropriate questions regarding preparation of the Company’s financial statements.

Independent Registered Public Accounting Firm Fees

The following table presents fees billed by Marcum to the Company for the audit of the Company’s annual financial statements, the review of the Company’s interim financial statements, and various other audit and non-audit services provided for the fiscal years identified:

| Category              |     | 2024 
 USD  |         |     | 2023 
 USD  |         |
|:----------------------|:----|:-----|--------:|:----|:-----|--------:|
| Audit Fees