Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 86

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 86
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 2024 to 2028. History as Taiwanese Public Company In Taiwan, only “public companies” are subject to the regulations of the Taiwan Securities and Exchange Act (TSEA). To become a public company, a company needs approval from the Securities and Futures Bureau (SFB) of Taiwan’s Financial Supervisory Commission. Public company status is a prerequisite for listing on a Taiwanese stock exchange. FST became a public company in Taiwan on January16, 2019, and its stock was subsequently registered on the Taiwan Stock Market for public trading on April3, 2019. 55 However, the TSEA and its related regulations create limitations. As long as FST remains a public company, its directors, officers, and major shareholders (holding 10% or more of the outstanding shares) cannot transfer all their shares to FST Corp, as required by the FST Restructuring plan. Therefore, 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