Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 191

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 191
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____________ (1)On July 11, 2023, the Group entered an agreement with Chiayi Sports Equipment Co., Ltd to acquire its land and buildings with the total area of 10,069square meters, and the consideration of TWD 296,000,000(approximately $ 9,666,884), including tax of TWD 415,000(approximately $ 14,729). The land was freehold land with no depreciation recognized. Depreciation expenses were $ 1,575,828and $ 1,468,548for the years ended December 31, 2024 and 2023, respectively.

F-23

FST Corp.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars, except for share and per share data, or otherwise noted)

7.INTANGIBLE ASSETS, NET

|                                |     | As of December 31, |       2024 |   |     |   |       2023 |   |
|:-------------------------------|:----|:-------------------|-----------:|:--|:----|:--|-----------:|:--|
| Trade mark                     |     | $                  |  6,500,000 |   |     | $ |  6,500,000 |   |
| Software                       |     |                    |    984,174 |   |     |   |    854,975 |   |
| Intangible assets, gross       |     |                    |  7,484,174 |   |     |   |  7,354,975 |   |
| Less: accumulated amortization |     |                    | (2,345,737 | ) |     |   | (2,023,632 | ) |
| Intangible assets, net         |     | $                  |  5,138,437 |   |     | $ |  5,331,343 |   |

Amortization expenses were $ and $ for the years ended December 31, 2024 and 2023, respectively.

8.INVESTMENTS

Short-term investment

The Group invested TWD in Mega Trust ESG Taiwan-Us Sustainable Dual-Gain Multi-Asset Fund (the “Fund”) during the year ended December 31, 2024. The investment scope of this Fund includes investments in global capital market stocks, bonds, fund beneficiary certificates and beneficiary securities of real estate investment trust funds (