Company: FSHPU
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001829126-25-005812
Chunk: 30

Company: Flag Ship Acquisition Corp
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 30
---
 and ratified in all respects.”

Required Vote

Approval of the Extension
Fee Reduction Proposal requires the affirmative vote of a majority of the Company’s Ordinary Shares issued and outstanding and entitled
to vote and which are present (in person or by proxy) at the Extraordinary General Meeting and which voted on the Extension Fee Reduction
Proposal. Abstentions, which are not votes cast, will have no effect with respect to approval of this Proposal.

All of Flag Ship’s directors, executive officers and their affiliates
are expected to vote any shares owned by them in favor of the Extension Fee Reduction Proposal. On the Record Date, the Sponsor and the
directors and executive officers of Flag Ship and their affiliates beneficially owned and were entitled to vote 1,963,000 Ordinary Shares
of Flag Ship representing approximately 23% of Flag Ship’s issued and outstanding Ordinary Shares. As the Extension Fee Reduction
Proposal is not a “routine” matter, brokers will not be permitted to exercise discretionary voting on this proposal.

Recommendation of the Board

The Board recommends that you vote “FOR” the Extension Fee Reduction Proposal.

<div align='center'>26

PROPOSAL 2 - THE ADJOURNMENT PROPOSAL</div>

Overview

The Adjournment Proposal,
if adopted, will allow our chairman to adjourn the Extraordinary General Meeting to a later date or dates if necessary to permit further
solicitation of proxies to approve the Extension Fee Reduction Proposal presented at the Extraordinary General Meeting. The Adjournment
Proposal will only be presented to our shareholders in the event, based on the tabulated votes, there are not sufficient votes at the
time of the Extraordinary General Meeting to approve the Extension Fee Reduction Proposal (Proposal 1).

Consequences if the Adjournment Proposal is Not Approved

If the Adjournment Proposal
is not approved by our shareholders, our chairman may not be able to adjourn the Extraordinary General Meeting to a later date in the
event that we need additional time to approve the Extension Fee Reduction Proposal presented at the Extraordinary General Meeting.

Full Text of the Resolution

“RESOLVED, as an ordinary resolution, that, the adjournment of
the Extraordinary General Meeting to a later date or dates to be determined by the chairman of the Extraordinary General Meeting, if necessary
or appropriate, to permit further solicitation and vote of proxies to approve the Extension Fee Reduction Proposal, be confirmed, ratified
and approved in all respects.”

Vote Required for Approval

The approval