Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 182

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16
Chunk 182
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 as well as information on income taxes paid. The ASU is effective for
public business entities for annual periods beginning after December 15, 2024. For entities other than public business entities,
the amendments are effective for annual periods beginning after December 15, 2025. Early adoption is permitted. The Group expect to adopt
this standard for the year ended December 31, 2025. The Group does not expect a material impact from the adoption of this guidance on
its consolidated financial statements and related disclosures.

In March 2024, the FASB issued ASU No. 2024-02,
Codification Improvements-Amendments to Remove References to the Concepts Statements (“ ASU 2024-02”). The amendments in this
Update affect a variety of Topics in the Codification. The amendments apply to all reporting entities within the scope of the affected
accounting guidance. This update contains amendments to the Codification that remove references to various Concepts Statements. In most
instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were
used in prior statements to provide guidance in certain topical areas. ASU 2024-02 is effective for public business entities for fiscal
years beginning after December 15, 2024. For all other entities, the amendments are effective for fiscal years beginning after December
15, 2025. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available
for issuance. The Company does not expect to adopt this guidance early and does not expect the adoption of this ASU to have a material
impact on its future consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03,
Disaggregation of Income Statement Expenses (DISE), which requires new disclosures to disaggregate prescribed natural expenses underlying
any income statement caption. This ASU is effective for annual periods in fiscal years beginning after December 15, 2026, and interim
periods thereafter. Early adoption is permitted. The ASU applies on a prospective basis for periods beginning after the effective date.
However, retrospective application to any or all prior periods presented is permitted. The Group is currently evaluating the impact of
adoption of this standard on its consolidated financial statements.

Recent accounting standards that have been issued
by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements
upon