Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 141

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 141
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 circumstances and the availability of and procedures for obtaining an exemption from backup withholding.

Certain U. S. Holders holding
specified foreign financial assets with an aggregate value in excess of the applicable dollar threshold are required to report information
to the IRS relating to ordinary shares, subject to certain exceptions (including an exception for ordinary shares held in accounts maintained
by U. S. financial institutions), by attaching a complete IRS Form 8938, Statement of Specified Foreign Financial Assets, with
their tax return, for each year in which they hold ordinary shares. In addition to these requirements, U. S. Holders may be required
to annually file FinCEN Report 114 (Report of Foreign Bank and Financial Accounts) with the U. S. Department of Treasury. U. S. Holders
who are required to report specified foreign financial assets on IRS Form 8938 and/or foreign bank and financial accounts on FinCEN
Report 114 and fail to do so may be subject to substantial penalties.

The discussion of reporting
obligations set forth above is not intended to constitute an exhaustive description of all reporting obligations that may apply to a U. S. Holder.
A failure to satisfy certain reporting obligations may result in an extension of the period during which the IRS can assess a tax, and
under certain circumstances, such an extension may apply to assessments of amounts unrelated to any unsatisfied reporting obligation.
Penalties for failure to comply with these reporting obligations are substantial. U. S. Holders should consult with their own tax
advisors regarding their reporting obligations relating to their ownership of ordinary shares, including the requirement to file an IRS
Form 8938.

F. Dividends and Paying Agents

The Company has not declared
or paid any cash dividends and does not intend to declare or pay any dividends on ordinary shares in the foreseeable future. The Company
does not currently have a paying agent.

G. Statement by Experts

Not Applicable.

H. Documents on Display

We are subject to periodic
reporting and other informational requirements of the Exchange Act as applicable to foreign private issuers. Accordingly, we are required
to file reports, including annual reports on Form 20-F, and other information with the SEC. As a foreign private issuer, we are exempt
from the rules and regulations under the Exchange Act prescribing the furnishing and content of proxy statements, and our officers, directors
and principal shareholders are exempt from the reporting and “short-swing” profit recovery provisions contained in Section
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