Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 129

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 129
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 of section
1221 of the Code (generally, property held for investment). This brief discussion does not address all aspects of U. S. federal income
taxation that may be important to holders in light of their individual circumstances, including holders subject to special treatment under
the U. S. tax laws, such as, for example:

  banks or other financial institutions, underwriters, or insurance  

  brokers or dealers in securities or currencies or holders                                 

  real estate investment trusts and regulated investment companies;  

  tax-exempt organizations, qualified retirement plans,            

  expatriates or former citizens or long-term residents  

  subchapter S corporations, partnerships or other pass-through entities  

  any holder that is not a U. S. Holder;  

  dealers or traders in securities, commodities or currencies;  

  grantor trusts;  

  persons subject to the alternative minimum tax;  

  U. S. persons whose “functional currency”  

  persons who received shares of ordinary shares through the                                                                            

  persons who own (directly or through attribution) 10% or                          

  persons that hold warrants or other rights to acquire ordinary  

  holders holding ordinary shares as a position in a “straddle,”                                            

As used in this Annual Report,
the term “ U. S. Holder” means a beneficial owner of ordinary shares for U. S. federal income tax purposes:

  an individual who is a citizen or resident of the United States;  

  a corporation (or other entity that is classified as a corporation                                                                  

  an estate the income of which is subject to U. S. federal  

  a trust (i) if a court within the United States                                                                                   

If a partnership, including
for this purpose any entity or arrangement that is treated as a partnership for U. S. federal income tax purposes, holds ordinary
shares received in the Business Combination, the U. S. federal income tax treatment of a partner in such partnership will generally
depend on the status of the partner and the activities of the partnership. This discussion does not address the tax consequences to any
such partner or partnership. A holder that is a partnership and the partners in such partnership should consult their own tax advisors
with regard to the U. S. federal income tax consequences of the ownership and disposition of ordinary shares received in the Business
Combination.

THIS SUMMARY DOES NOT PURPORT
TO BE A COMPREHENSIVE ANALYSIS OR DESCRIPTION OF ALL POTENTIAL U. S. FEDERAL IN