Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 135

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 135
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ified person’s own fraud or dishonesty. The Articles of Association, to the extent permitted by Cayman Islands law, permit indemnification of each existing or former secretary, director (including alternate director), and any of our other officers (including an investment adviser or an administrator or liquidator) and their personal representatives (each an indemnified person) from and against all actions, proceedings, costs, charges, losses, damages and liabilities which they or any of them, their or any of their personal representatives, incurred or sustained by them, other than by reason of their own dishonesty, willful default or fraud, in or about the conduct of FST’s business or affairs (including as a result of any mistake of judgment) or in the execution or discharge of their duties, powers, authorities or discretions, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such director or officer in defending (whether successfully or otherwise) any civil proceedings concerning FST or its affairs in any court whether in the Cayman Islands or elsewhere. 96 Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling our company under the foregoing provisions, we have been informed that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. Board of Directors The number of our board of directors shall not be less than five (5) directors and there shall no maximum number of directors, unless otherwise determined by the shareholders in general meetings. Following the completion of the Business Combination, our board of directors was reconstructed to consist of seven directors. Pursuant to the Investor Rights Agreement (the form of which is attached to this prospectus), one of our directors is nominated by the Sponsor, and at least four of our directors are independent. Further, for so long as the Sponsor Parties beneficially own any Ordinary Shares, FST is required to take all necessary action to cause the individuals nominated by the Sponsor to be elected at the applicable meetings of shareholders of FST. Arrangements for Election of Directors In connection with the Business Combination, three of the non -independentdirectors will be nominated by FST’s major shareholders: Japan Brand Business LLC, Far East Machinery Co. Ltd., and FST Chairman and major shareholder, David Chuang. Two of the independent directors will be nominated by FST Chairman and major shareholder David Chuang. One independent director will be nominated by FST