Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 67

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 67
---
 become
eligible to become a supplier for golf club shaft products to golf brand companies and OEM/ODMs, there are industry quality standards
which the Company’s customers require the Company to attain, as follows:

ISO 9001:2015specifies
requirements for a quality management system when an organization needs to demonstrate its ability to consistently provide products and
services that meet customer and applicable statutory and regulatory requirements, and aims to enhance customer satisfaction through the
effective application of the system, including processes for improvement of the system and the assurance of conformity to customer and
applicable statutory and regulatory requirements. The Company has attained ISO 9001:2015 certification for the design, manufacture, processing,
and sale of golf club shaft products. The certification is valid until August 14, 2025.

For the import of crafted beer
and wine product, the Company should comply with the requirements of the Tobacco and Alcohol Administration Act of Taiwan. An
alcohol-importing company shall apply to National Treasury Administration, Ministry of Finance of Taiwan for a permit to import alcohol.
After obtaining the import permit, the applicant should indicate alcohol importation as part of its business scope on its business registration,
then apply for issuance of an alcohol importer license. No permit is required for the retail of alcohol. However, the retailer of alcohol
should indicate the retail on its business registration. Currently, the Company possesses a valid alcohol import license.

Legal Proceedings

The Company is not currently
a party to legal or government proceedings that may be, individually or collectively, materially adverse to its ability to conduct its
businesses as they are currently conducted. From time to time, the Company may become subject to various legal proceedings and claims
that arise in the ordinary course of its business activities. Although the results of litigation and claims cannot be predicted with certainty,
any such future litigation could have an adverse impact on the Company because of defense and settlement costs, diversion of management
resources and other factors.

C. Organizational Structure

The following chart shows
the Company’s corporate structure as of December 31, 2024, including its principal subsidiaries.

D. Property, Plants and Equipment

Femco has historically leased
all of its office and plant facilities. Our corporate headquarters are located at No. 3, Gongye 1 Rd., Minxiong Township, Chiayi
County 621018, Taiwan, where we lease an office with 30,760 square meters pursuant to a lease agreement that is in effect until December 31,
202