Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 60

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 60
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 and environmental protection, including public utilities, power distribution, natural
gas, postal service, telecommunications, mass media, and air and sea transportation. Except for certain specific sensitive activities,
foreign investments in a Taiwan listed company are generally not restricted in Taiwan but are subject to the prior approval from the Taiwan
DIR if a foreign investor wants to acquire 10% or more of the shares of a Taiwan listed company. The approval must be obtained before
the final completion of the transaction.

Regulations on Mergers and Acquisitions

The main laws and regulations
governing merger and acquisition (“ M& A”) activities in Taiwan are the Merger and Acquisition Act, the Company Act, the
Securities and Exchange Act and the Fair Trade Act.

The competent authority in
charge of the regulations in relation to M& A is the Ministry of Economic Affairs. The main regulatory body in charge of public M& A
transactions is the Securities and Futures Bureau of the Financial Supervisory Commission, the government agency in charge of public companies.
Other relevant regulatory bodies include the Fair Trade Commission, the authority in charge of antitrust clearance, and the Taiwan DIR,
the authority in charge of reviewing foreign and PRC investments. If a participating company to a transaction holds any special license,
the transaction may also be subject to the review of the authority in charge of such special license.

Regulations on Building Construction and Use

Under the Building Act, a building
license required for new construction, extension, reconstruction or repair of buildings. A usage license is required for usage. When alterations
of usage occur after a building is constructed, such as in alterations of usage class, structure, fire-protection facilities, and
parking spaces or other alteration to the originally approved usage, a usage alteration license shall be applied for.

Further, under the Building
Act, users of public buildings shall entrust professional institutions or persons recognized by the central construction authority to
perform inspection and attestation periodically. Such inspection and attestation results shall be reported to the authority.

The Company has never been
sanctioned for violations of the Building Act.

Regulations on Intellectual Property Rights

Patent Protection

Pursuant to the Patent Act,
amended on May 4, 2022, there are three types of patents in Taiwan: invention patents, utility model patents, and design patents,
the respective patent terms of which are 20, 10, and 15 years, all calculated from the filing date of a patent application,
while the patent rights are actionable from