Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 87

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 87
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, if FST remained public, the FST Restructuring could not be completed. To facilitate the FST Restructuring, the board of directors of FST resolved on December15, 2023, to de -registerFST from the Taiwan Stock Market. The de -registrationwas approved by the Taipei Exchange and became effective on January4, 2024. The termination of FST’s Taiwan Public Company status was adopted by the shareholders’ resolution at FST’s extraordinary general meeting on February6, 2024. On February15, 2024, FST submitted an application to the SFB to terminate its Taiwan Public Company status. This termination was approved by the SFB and took effect on February27, 2024. Our Competitive Strengths Distinguished Proprietary KBS Brand The KBS brand has been widely accepted and well received by the golf players of all levels, from top professional players to recreational players. As of the date of this prospectus, 73 PGA players were using KBS brand shafts in their professional competitions. The Company has also developed long -termcollaboration relationships with major international golf club brands, through which the Company may, at the clients’ selection, supply KBS brand shafts to be incorporated as a part of the client’s clubs. The Company believes that the competitiveness of its KBS brand is largely attributable to the Company’s unwavering commitment to a player -centricfocus in product development. As a supplier to PGA players, the Company employs a dedicated team catering exclusively to the needs of PGA professional players, including customizing each club shaft based on the player’s specific requirements and feedback. This approach ensures that the shafts conform to the player’s unique characteristics, which improves his performance, stability and shot -to-shotconsistency. The endorsement by PGA players further improves the brand visibility and increases sales of KBS brand shafts. The industry recognition and customer acceptance have propelled the Company to become a leading supplier of golf shafts. The KBS business has been ranked by the National Golf Foundation in 2023 as among the top 100 businesses in the golf industry. By diversifying its sales channels and fostering strong consumer following and loyalty, the Company has secured a significant competitive advantage, creating a foundation for sustained future growth. Vertically Integrated Business Model The Company develops a vertically integrated business model with design and development, production and marketing capabilities. It stands as one of the few golf shaft manufacturers capable of: • Shaft Design Research and Development:The Company focuses on its