Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 187

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 187
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 family member of Chairman of the board |

Amounts due from related parties Amounts due from related parties consisted of the following for the periods indicated:

|                                           |     | As of December 31, |   2023 |     |   |    2022 |
|:------------------------------------------|:----|:-------------------|-------:|:----|:--|--------:|
| Factory Automation Technology Co., Ltd(1) |     | $                  | 14,132 |     | $ |  77,755 |
| Far East Machinery Co., Ltd(2)            |     |                    |      — |     |   |  29,892 |
| Total                                     |     | $                  | 14,132 |     | $ | 107,647 |

____________ (1)The balance mainly represented software service fee charged and prepayment for machinery to the related party. (2)The balance mainly represented prepayment for installation fee of high -voltagewire to the related party. Amounts due to related parties Amounts due to related parties consisted of the following for the periods indicated:

|                                     |     | As of December 31, |    2023 |     |   |    2022 |
|:------------------------------------|:----|:-------------------|--------:|:----|:--|--------:|
| Far East Machinery Co., Ltd(1)      |     | $                  | 241,324 |     | $ | 242,659 |
| Chiayi Sports Equipment Co., Ltd(2) |     |                    |   1,643 |     |   |   1,579 |
| Peko, LLC(3)                        |     |                    |  32,500 |     |   |       — |
| Total                               |     | $                  | 275,467 |     | $ | 244,238 |

____________ (1)The balance mainly represented lease expense and utility expense payable to the related party. (2)The balance mainly represented utility expense payable to the related party. (3)The balance mainly represented lease expense payable to the related party.

F-23

FEMCO STEEL TECHNOLOGY CO., LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. dollars, except for share and per share data, or otherwise noted) 13.RELATED PARTY TRANSACTIONS (cont.) Related party transactions Material related party transactions consisted of the following for the periods indicated: