Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 102

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 102
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 performance and efficiency of spin and launch angles at various swing speeds.                                                                             |

Focus on Diverse Range of Products and Process Improvements The Company remains committed to balancing shaft weight with optimal control, using the Company’s proprietary torque and center of gravity matching technology. This innovative approach allows the Company to achieve both enhanced impact control and increased shot distance in its shafts, without compromising on shaft weight. This approach led to the development of a diverse range of shafts catering to players seeking uncompromising performance and accuracy. Furthermore, the Company embraces cutting -edgetechnologies to optimize its production processes and maximize efficiency. By utilizing IoT sensors, the Company collects real -timedata on production information and energy consumption. This data is then analyzed using machine learning algorithms to monitor equipment health and identify potential issues. This proactive approach allows the Company to: •implement process improvements to optimize production efficiency. •identify opportunities for new equipment investment. •maintain a high level of product quality and consistency. By combining the Company’s innovative shaft design technologies with these advanced production optimization tools, the Company aims to continuously improve production efficiency and product quality. This focus on operational excellence ultimately drives increased profitability and long -termgrowth. Competition The Company competes in a global market for golf club shafts. Its major global competitors for premium golf club shafts include established brands such as True Temper and Nippon Shaft. The Company also faces competition from other Taiwanese manufacturers in the standard and economy shafts segment. In the premium shaft segment, the Company primarily competes on build quality, manufacturing capacity, product diversification, technical innovation, brand prestige and competition results. In the standard and economy shaft segment, the Company primarily competes on manufacturing capacity, pricing and product safety.

70 The Company differentiates itself through its vertically integrated business model, encompassing both manufacturing and brand promotion. This allows it to compete effectively with other global and local competitors in terms of: • Production Technology: The Company possesses advanced manufacturing capabilities and technology, enabling consistent quality and efficiency. • R&D and Innovation: Dedicated R&D efforts ensure a steady stream of new products and rapid development cycles. • Mass Production Capacity: The Company’s production facilities in Taiwan offer a competitive advantage in terms of cost and efficiency as compared to True Temper in the U.S. and Nippon Shaft in Japan. • Global Market Focus: The Company prioritizes the U.S. market, the largest globally, while also actively exploring other regions. Seasonality Historically speaking, in general, driven by the large international exhibitions such as the PGA