Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 73

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4A
Chunk 73
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 for
future product development, which, in turn, helps sustain the competitiveness of the Group’s products.

The Group believes that it
will be able to continue improve the competition positioning by adhering closely to consumer demand, augmented by strong brand development
efforts, a comprehensive product line, and online and offline sale touch points.

Emerging Growth Company Status

As defined in Section 102(b)(1) of
the JOBS Act, the Group is as an emerging growth company (“EGC”). As such, the Group will be eligible for and intends
to rely on certain exemptions and reduced reporting requirements provided by the JOBS Act, including (a) the exemption from the auditor
attestation requirements with respect to internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act,
(b) the exemptions from say-on-pay, say-on-frequency and say-on-golden parachute voting requirements and (c) reduced
disclosure obligations regarding executive compensation in its periodic reports and proxy statements.

The Group will remain an EGC
under the JOBS Act until the earliest of (i) the last day of the fiscal year in which the market value of the Group’s
Common Shares that are held by non-affiliates exceeds $700 million as of the last business day of the second quarter of
that fiscal year, (ii) the last day of the fiscal year in which it has total annual gross revenue of $1.07 billion or more
during such fiscal year (as indexed for inflation), (iii) the date on which it has issued more than $1 billion in non-convertible debt
in the prior three-year period or (iv) the last day of the fiscal year following the fifth anniversary of the date of the
IPO.

Foreign Private Issuer Status

The Group qualifies as a “foreign
private issuer” as defined under SEC rules. Even after the Group no longer qualifies as an emerging growth company, as long as the
Group continues to qualify as a foreign private issuer under SEC rules, the Group is exempt from certain SEC rules that are applicable
to U. S. domestic public companies, including:

  the rules requiring domestic filers to issue financial statements  

  the sections of the Exchange Act regulating the solicitation                                        

  the sections of the Exchange Act requiring insiders                                                                                       

  the rules under the Exchange Act requiring the filing                                                                        
  with the SEC of quarterly reports on Form 10-Q containing financial statements and other specified information, and current