Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 161

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 161
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 may indemnify any broker -dealerthat participates in transactions involving the sale of securities against certain liabilities, including liabilities arising under the Securities Act. We have agreed to indemnify the Selling Securityholders against liabilities, including liabilities under the Securities Act and state securities laws, relating to the registration of the Ordinary Shares offered by this prospectus. We have agreed with the Selling Securityholders to keep the registration statement of which this prospectus constitutes a part effective until all of the securities covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement or the securities have been withdrawn. 108 LEGAL MATTERS FST is represented by Ross Law Group, PLLC with respect to certain legal matters as to United States federal securities law. The validity of Ordinary Shares and Warrants have been passed on by Ogier. EXPERTS The ﬁnancial statements of FST as of December 31, 2023 and 2022, and for the years ended December 31, 2023 and 2022, included in this Prospectus have been audited by Enrome LLP, independent registered public accounting firm, as set forth in their report thereon, appearing elsewhere in this Prospectus, and are included in reliance on said report given upon the authority of said firm as experts in auditing and accounting. The consolidated financial statements of FST for the period from November 24, 2023 (inception) to December 31, 2023, included in this Prospectus have been audited by Enrome LLP, independent registered public accounting firm, as set forth in their report thereon, appearing elsewhere in this Prospectus, and are included in reliance on said report given upon the authority of said firm as experts in auditing and accounting. 109 ENFORCEABILITY OF CIVIL LIABILITY We are incorporated under the laws of the Cayman Islands as an exempted company with limited liability. We are incorporated in the Cayman Islands in order to enjoy the following benefits associated with being a Cayman Islands exempted company, such as: •political and economic stability; an effective judicial system; a favorable tax system; •the absence of exchange control or currency restrictions; and •the availability of professional and support services. However, certain disadvantages accompany incorporation in the Cayman Islands. These disadvantages include: •the Cayman Islands has a less exhaustive body of securities laws as compared to the United States and these securities laws provide significantly less protection to investors; and •Cayman Islands companies may not have standing to sue before the federal