Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 187

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 187
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 accounted for at fair value with all fair value changes recognized in profit or loss on long -terminvestment in the consolidated statements of operations and comprehensive loss. Gain of $87,482 and loss of $466,262 were recognized for this investment for the years ended December 31, 2024 and 2023, respectively. The investment is classified within Level 3 of the fair value hierarchy due to the lack of quoted market prices and limited observable inputs. (2)The Group purchased CCDs issued by Indian Ale Ventures Private Limited during the year ended December 31, 2024 with the consideration of INR 6,250,000 (approximately $76,605). The investment was accounted for at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the Group in accordance with ASC topic 321, Investments — Equity Securities. There was no impairment recognized for the year ended December 31, 2024. The investment is classified within Level 3 of the fair value hierarchy due to the lack of quoted market prices and limited observable inputs.

F-24

FST Corp. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. dollars, except for share and per share data, or otherwise noted) 9.ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other liabilities consisted of the following:

|                                  |     | As of December 31, |      2024 |     |   |      2023 |
|:---------------------------------|:----|:-------------------|----------:|:----|:--|----------:|
| Accrued expense                  |     | $                  | 2,325,766 |     | $ | 2,260,997 |
| Accrued payroll and welfare      |     |                    |   204,973 |     |   |   248,286 |
| Contract liabilities             |     |                    |   166,582 |     |   |    35,080 |
| Payable for purchasing equipment |     |                    |    13,101 |     |   |   233,635 |
| Others                           |     |                    |   330,294 |     |   |   383,260 |
| Total                            |     | $                  | 3,040,716 |     | $ | 3,161,258 |

10.LEASES Operating lease right -