Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 203

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 203
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 |   |
| Supplier A                                 |     |         34 | % |     |           31 | % |
| Total                                      |     |         34 | % |     |           31 | % |

____________ *Represent percentage less than 10% 16.COMMITMENTS AND CONTINGENCIES Contingencies The Group’s significant unrecognized contractual commitments are as follows:

|                                              |     |            | June 30, 
     2024 |     |   | December 31, 
         2023 |
|:---------------------------------------------|:----|:-----------|---------:|:----|:--|-------------:|
|                                              |     | -Unaudited |          |     |   |              |
| Acquisition of property, plant and equipment |     | $          |  252,397 |     | $ |    1,319,465 |
| Access to software license services          |     |            |  283,765 |     |   |      349,755 |
| Total                                        |     | $          |  536,162 |     | $ |    1,669,220 |

F-43

FEMCO STEEL TECHNOLOGY CO., LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars, except for share and per share data, or otherwise noted) 16.COMMITMENTS AND CONTINGENCIES (cont.) In the ordinary course of business, the Group may be subject to legal proceedings regarding contractual and employment relationships and a variety of other matters. The Group records contingent liabilities resulting from such claims, when a loss is assessed to be probable, and the amount of the loss is reasonably estimable. In the opinion of management, there were no material pending or threatened claims and litigation as of the issuance date of these unaudited condensed consolidated financial statements. Lease Commitment The Group leases vehicles and plants under various non -cancellableoperating lease agreements. As of June 30,2024, the minimum future commitments under these agreements are as follows.

| For the year ending December 31,                  
 The remaining of the year ended December 31, 2024 |     | Operating 
 Leases    | 1,184,118 |
|:--------------------------------------------------|:----|:----------|----------:|
| 2025                                              |     |           | 1,443,140 |
| 2026                                              |     |           | 1,185,