Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 123

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 123
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the directors may resolve to capitalize all or any part of any amount standing to the credit of any reserve accounts or funds (including
a share premium account and capital redemption reserve and the profit and loss account) for distribution among the shareholders or any
class of shareholders who would be entitled thereto if it were distributed by way of dividend and in the proportion to the nominal amount
of shares held by such shareholders respectively, on the footing that the same is applied either in or towards paying up the amounts for
the time being unpaid on any shares in the Company held by such shareholders respectively or in paying up in full unissued shares or debentures
of a nominal amount equal to that sum, to be allotted and distributed credited as fully paid up among such shareholders in those proportions,
or partly in one way and partly in the other, provided that, for the purposes above, a share premium account and any capital redemption
reserve and profits which are not available for distribution, may be applied only in paying up unissued shares of the Company to be allotted
to such shareholders credited as fully paid.

Amendments to Amended and Restated Memorandum
and Articles of Association

Our amended and restated memorandum
and articles of association may be altered or amended by the Company by special resolution. Our amended and restated memorandum and articles
of association state that a special resolution shall be required to alter the provisions of the our amended and restated memorandum and
articles of association, to amend our amended and restated memorandum and articles of association or to change the name of the Company.

Mergers and Consolidations

We may by a special resolution
merge or consolidate with one or more constituent companies (as defined in the Cayman Companies Act), upon such terms as our directors
may determine subject to the Cayman Companies Act.

Transfer Agent and Registrar

Continental Stock Transfer &
Trust Company acts as the transfer agent and registrar for our ordinary shares.

Stock Exchange Listing

Our
ordinary shares commenced trading on the Nasdaq Global Market under the symbol “ KBSX” on January 16, 2025.

Enforceability of Civil Liability under Cayman
Islands Law

We have been advised by its
Cayman Islands legal counsel that there is uncertainty as to whether courts of the Cayman Islands would (i) recognize or enforce
against it judgments of courts of the United States predicated upon the civil liability provisions of the federal securities laws
of the United States or any state; and (ii) entertain original actions brought in