Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 154

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16
Chunk 154
---
 included in our Form 20-F, registration statements and other required filings with the SEC.

The policy of our audit committee
is to pre-approve all audit and non-audit services provided by our independent registered public accounting firm, including audit services,
audit-related services and tax services as described above.

ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES

Not Applicable.

ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED
PURCHASERS

None.

ITEM 16F. CHANGE IN REGISTRANT’ S CERTIFYING
ACCOUNTANT

On February 27, 2024, Marcum
LLP was dismissed as the independent registered public accounting firm for SPAC. The decision to dismiss Marcum LLP was approved by the
audit committee of the board of directors of SPAC.

During the year ended December
31, 2022, the period from May 20, 2021 (inception) through December 31, 2021 and the subsequent interim period through February 27, 2024,
(i) there were no disagreements between SPAC and Marcum LLP on any matter of accounting principles or practices, financial statement disclosure,
or auditing scope or procedures, which disagreements, if not resolved to their satisfaction, would have caused Marcum LLP to make reference
to such disagreements in its report on the financial statements for such years; and (ii) there were no “reportable events”
as such term is defined in Item 304(a)(1)(v) of Regulation S-K), except for the following:

Marcum LLP advised SPAC,
and SPAC’s management concurred, that the following material weaknesses in internal control over financial reporting existed as
of September 30, 2023 (which have been disclosed in the Quarterly Report for the quarter ended September 30, 2023 of SPAC):

  a failure to record accounting transactions in the proper  

  a failure to properly account and disclose of complex financial                                                                           

  a failure to timely reconcile accrued legal expenses and  

  a failure to estimate the fair value of complex financial                                    

The audit committee discussed
the reportable events with Marcum LLP. SPAC has authorized Marcum LLP to respond fully to the inquiries of Marcum Asia CPAs LLP,
as successor auditor, concerning the subject matter of the reportable events.

The report of Marcum LLP
on SPAC’s balance sheets as of