Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 115

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 115
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ITEM
10. ADDITIONAL INFORMATION

A. Share Capital

Pursuant
to our amended and restated memorandum and articles of association, we are authorized to issue 500,000,000 ordinary shares. The
Company acquired 99.34% of all issued and outstanding shares of Femco held by shareholders of Femco in exchange for ordinary shares prior
to the closing of the Business Combination. As of January 15, 2025, subsequent to the closing of the Business Combination, there were 44,766,003
ordinary shares outstanding. There were also 7,900,000 warrants outstanding, each exercisable to purchase one ordinary share at
a price of $11.50 per full share. A summary of the Lock-up Agreement and the Investor Rights Agreement entered into in connection
with the Business Combination is described in the section entitled “ The Offer and Listing - Offer and Listing Details

B. Memorandum and Articles of Association

We
are a Cayman Islands exempted company with limited liability. Our affairs are governed by the amended and restated memorandum and articles
of association, as amended from time to time, the Cayman Companies Act and the common law of the Cayman Islands. Pursuant to the amended
and restated memorandum and articles of association, we are authorized to issue 500,000,000 ordinary shares. As of December 31,
2024, there were 37,749,381 ordinary shares issued and outstanding. There were 7,900,000 warrants outstanding, each exercisable
to purchase one ordinary share at a price of $11.50 per full share.

Ordinary
Shares

As
of the date of this Annual Report, all of our issued and outstanding shares are fully paid and non-assessable. Our shares are issued
in registered form, and are issued when registered in our register of members. Unless the board of directors determine otherwise, each
holder of our shares will not receive a certificate in respect of such ordinary shares. Our shareholders who are non-residents of
the Cayman Islands may freely hold and vote their ordinary shares. We may not issue shares to bearer.

Subject
to the provisions of the Cayman Companies Act and provisions of our amended and restated memorandum and articles of association regarding
redemption and purchase of the shares, the directors have general and unconditional authority to allot (with or without confirming rights
of renunciation), grant options over or otherwise deal with any unissued shares to such persons, at such times and on