Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 117

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 117
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 earnings,
capital requirements and surplus, general financial condition, contractual restrictions and other factors that our board of directors
may deem relevant. In addition, we are a holding company and depend on the receipt of dividends and other distributions from its subsidiaries
to pay dividends on our ordinary shares.

The
directors may declare dividends to be paid to the members. Our amended and restated memorandum and articles of association provide dividends
may be declared and paid out of our profits, realized or unrealized, or out of the share premium account or as otherwise permitted by
the Cayman Companies Act. In addition, our shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the
amount recommended by the directors. No dividend may be declared and paid unless the directors determine that, immediately after the
payment, we will be able to pay our debts as they become due in the ordinary course of business and we have funds lawfully available
for such purpose.

General
Meetings of Shareholders

Under
the Cayman Companies Act, we are not required to call shareholders’ annual general meetings. We, however, will hold an annual shareholders’
meeting during each fiscal year, as required by the Nasdaq listing standards. At least fifteen calendar days’ notice shall
be given for any general meeting. The board of directors or the chairperson of the board may call general meetings at any time, and must
convene an extraordinary general meeting upon the requisition of shareholders holding at the date of deposit of the requisition shares
which carry in aggregate not less than one-third (1/3) of all issued and outstanding shares entitled to vote at general meetings
of the Company. One or more shareholders holding shares which carry in aggregate (or representing by proxy) not less than one-half (1/2)
of all votes attaching to all shares in issue and entitled to vote at such general meeting present in person or by proxy and entitled
to vote will be a quorum for all purposes.

Variation
of Rights

Subject
to our amended and restated memorandum and articles of association, if at any time our share capital is divided into different classes
of shares, all or any of the rights attached to the shares or any class of shares may (unless otherwise provided for by the terms of
issue of that class) be varied, modified or abrogated either with the consent in writing of the holders of a majority of the issued shares
of that class or with the sanction of an ordinary resolution passed at a general meeting of