Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 60

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 60
---
Personnel related expenses, including salaries and benefits compensation expenses for personnel in research and engineering, design, and testing functions; •Expenses related to materials, suppliers and third -partyservices; and •An allocated portion of overhead expenses, such as facility and IT costs and depreciation. The Group’s research and development expenses for the years ended December 31, 2024 and 2023 range of 3.6% to 5.3% of its revenue. Other Income The Group’s other income primarily consists of interest expense, net, foreign exchange gain, investment gain/loss on long -terminvestment and government grants. Income Tax Expenses The Group’s income tax expense primarily consists of current tax (benefits) expenses and deferred tax (benefits) expenses. Cayman Islands The Company was incorporated in the Cayman Islands. Under the current laws of the Cayman Islands, the Company is not subject to income or capital gains taxes. Taiwan FST is subject to a 23.45% combined tax rate, consisting of a statutory income tax rate of 20%, a 5% undistributed earnings tax, and the interaction of these taxes, under the laws of Taiwan. United States FST American, Inc. is subject to a federal statutory income tax rate of 21% and respective state income tax rate. The subsidiary is subject to a global intangible low -taxedincome tax (“GILTI”), which is a new tax on certain off -shoreearnings at an effective rate of 10.5% (increasing to 13.125% for tax years beginning after December31, 2025) with a partial offset for foreign tax credits. The state corporate income tax rate in California, Colorado and Arizona are 9.93%, 4.55% and 4.90%, respectively. 40

Japan FST Japan LLC was mainly subject to Japanese national and local income taxes, inhabitant tax, and enterprise tax, which, in the aggregate, represent a statutory income tax rate of approximately 23.2% for the years ended December31, 2024 and 2023, respectively. Results of Operations The table below sets forth the results of operations for the year ended December31, 2024 and the year ended December31, 2023:

|                                                                          |     | For the Years Ended 
        December 31, |   |     |            |   |
|                                                                          |     |                2024 |   |     |       2023 |   |