Company: FSHPU
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001829126-25-005812
Chunk: 13

Company: Flag Ship Acquisition Corp
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 13
---
'>7

QUESTIONS AND ANSWERS ABOUT THE EXTRAORDINARY GENERAL MEETING</div>

These Questions and Answers are only summaries of the matters they discuss. They do not contain all of the information that may be important to you. You should read carefully the entire document.

| Q.                      |     | A.                                                                                                                                       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| What is being voted on? |     | You are being asked to consider and vote on the following proposals:                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                         |     |                                                                                                                                          | ● | Proposal No. 1 - The Extension Fee Reduction Proposal - to approve, by ordinary resolution, a proposal to amend the monthly fee (the “Monthly Extension Fee”) payable by our sponsor (“Sponsor”) and/or its designee into the Trust Account to extend the date by which the Company must consummate its initial business combination (the “Combination Period”) from $0.033 per Public Share (for each monthly extension) to an amount equal to the lesser of (i) $60,000 for all outstanding Public Shares and (ii) $0.033 for each outstanding Public Share (the “Amended Monthly Extension Fee”). The first Monthly Extension Fee must be made by September 20, 2025, while each subsequent Monthly Extension Fees must be deposited into the Trust Account by the 20th of each succeeding month until June 20, 2026 (“Proposal 1” or “Extension Fee Reduction Proposal”). |
|                         |     |                                                                                                                                          | ● | Proposal No. 2 - The Adjournment Proposal - to approve, as an ordinary resolution, the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary, to permit the further solicitation and vote of proxies if it is determined by the Company that more time is necessary to approve the Extension Fee Reduction Proposal presented at the Extraordinary                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 General Meeting (“Proposal 2” or the “Adjournment Proposal”).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                         |     | We are not asking you to vote on our proposed business combination with Great Future                                                     
 Technology Inc., (the “GFT”) at this time. If the Extension Fee Reduction Proposal is implemented and you do not elect                   
 to redeem your Public Shares now, you will retain the right to vote on the business combination when it is submitted to shareholders     
 and the right to redeem your Public Shares into a pro rata portion of the