Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 95

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 95
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  Nick Pin-Chia Chen                       Independent Director   
  Alan Yu-Cheng Li                         Independent Director   
  Da-Li Chuang                             Independent Director   
  Yi-Ming Chen                             Supervisor             

Femco
Executive Officers

  Name                         Position              
 ─────────────────────────────────────────────────────
  Warren Cheng-Teng Huang      General Manager       
  Marie Wen-Chi Chao           Vice General Manager  
  Carie Hui-Ting Hsu           Accounting Manager    

Femco
has neither procured any directors and officers insurance for any of its directors and supervisors, nor has it entered into any indemnification
agreement with any of its directors and supervisors.

In
relation to the employees, supervisors and managers across different departments in Femco, Femco has in place employment contracts with
such personnel, which has been drafted in accordance with Femco’s employment policies and domestic labor laws of Taiwan. These
employment contracts include the following provisions:

  normal                                                                         

  salary                                                                                           

  Femco                                                                               

  Femco                                                                               

  detailed                                                                                

As
of February 27, 2024, Messrs. Nick Pin-Chia Chen, Alan Yu-Cheng Li and Da-Li Chuang resigned as independent directors
of Femco by operation of law.

Equity
Incentive Plans

As
of the date of this Annual Report, the Company does not have an incentive plan in effect, nor are there any share options outstanding.

Company
Employee Benefit Plan

In
relation to an employee retirement pension, Femco operates the employee pension system as required by the Taiwan Labor Pension Act and
the Employee Welfare Fund Act. Pension payments are withdrawn from each respective employee’s salary on a monthly basis and stored
in each respective employees’ labor pension personal special pension account established by the Taiwan Labor Insurance Bureau.
In addition, employees can voluntarily contribute to their retirement pensions by making voluntary pension payments.

Femco
had an employee option plan that existed from July 26, 2018 to July 25, 2021. It consisted of a total of 800,000 share
available for issuance. Options were exercisable from September 26, 2018 through July 25, 2021. The issue price was New Taiwan
Dollars 17 per share. In total, 105,000 shares were issued for a total issuance price of New Taiwan Dollars 1,785,000. This plan
is no longer in effect.

Apart
from the employee option plan, Fem