Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 63

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 63
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 Human Trials.

The Company is currently implementing
a cookie policy and a data protection privacy policy for collecting personal information on the KBS website (kbsgolfshafts. com) and in
its stores.

Regulations on Environmental Protection

The Basic Environment Act is
the main environmental law in Taiwan. In addition, other laws and regulations in Taiwan regulate each type of pollution by a different
set of regulations, including the Soil and Groundwater Pollution Remediation Act, the Waste Disposal Act, the Air Pollution Control Act,
the Water Pollution Control Act, and Toxic and Concerned Chemical Substances Control Act. The competent authority governing the environmental
regulations is the Ministry of Environment. Failure to comply with such laws and regulations may result in fines and other administrative
sanctions.

As the Company’s factory
is located within the Chiayi County, Taiwan, the Company is directly under the supervision of the Environmental Protection Bureau of Chiayi
County, Taiwan for its environmental compliance. During its business history, the Company has been generally compliant with environmental
laws and regulations. There was one instance in 2022 where the Environmental Protection Bureau, Chiayi County had instructed the Company
to make certain improvements on pollution prevention, which the Company had successfully addressed and implemented. Currently, the Company
consistently reports to the relevant authority and has maintained effective approval status for its industrial waste disposal plan and
its water use/wastewater discharge plan pursuant to the Waste Disposal Act, the Air Pollution Control Act, and the Water Pollution Control
Act. All related industrial waste is handled by qualified waste disposal contractors in compliance with Taiwan local regulations.

Regulations on Foreign Currency Exchange

The principal regulation governing
foreign currency exchange in Taiwan is the Foreign Exchange Regulation Act, amended on April 29, 2009. Pursuant to the Foreign
Exchange Regulation Act, Taiwan Dollars amounting under the amount of NTD 500,000 are freely convertible no matter what transaction
they are in relation with. On the other hand, the transactions involving NTD 500,000 or more or its equivalent in foreign currency shall
fulfill certain obligations as provided in the Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or
Transactions.

Under the Regulations Governing
the Declaration of Foreign Exchange Receipts and Disbursements or Transactions, for those foreign exchange transactions which amounts
of NTD 500,000 or more and relates to the sales of goods or provision of services, such transaction shall be declared through filing a