Company: FGI
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001628280-25-018388
Chunk: 31

Company: FGI Industries Ltd.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 31
---
) a pro-rated portion of any annual bonus that executive would have been entitled to had his employment not be terminated and (iii) if he timely elects continued coverage pursuant to COBRA, payment of his share of the premium cost at the same rate as for active employees of our company for up to 12 weeks following the termination date.

If the employment is terminated for cause, or in the case of the executive’s death or disability, the executive will only be entitled to his base salary through the termination date, plus any accrued and unpaid incentive award as of the termination date. For purposes of these employment agreements, cause means any one of the following: (i) any act or omission of executive, including, but not limited to misconduct, negligence, unlawfulness, dishonesty, inattention to the business, conflict of interest or competitive business activities, which, as determined by our company or our board of directors, in its sole discretion, may be detrimental to our interests; (ii) executive’s failure to comply our policies, procedures, practices or directions, as determined by our company or our board of directors in its sole discretion; (iii) any other reason recognized as “cause” under applicable law; (iv) executive’s commission of fraud, embezzlement, theft or misappropriation of any monies, assets or properties of our company or any of our parents, subsidiaries, affiliates or employees; (v) conviction of, or plea of nolo contendere to, any felony; or (vi) executive’s breach of the employment agreement.

<div align='center'>20</div>

#### Summary Compensation Table
The following table provides information regarding the compensation earned for 2024 and 2023 by our Named Executive Officers:

| Name and Principal Position |     | Year |     |  Salary 
     ($) |     |  Bonus 
    ($) |     |   |     | Share Awards($)(1) |     | Option Awards 
        ($)(2) |     | Non-Equity       
 Incentive Plan   
 Compensation ($) |     | All Other Compensation ($)(3) |     |        |     | Total 
 ($)   |     |         |
| David Bruce                 |     | 2024 |     | 311,539 |     |        |     | — |     |            195,000 |     |       195,000 |     | —                |     |                        30,650 |     |        |     |       |     | 732,189