Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 66

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 66
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 a material adverse impact on FST’s day -to-dayoperations. The details maturity date of each bank loan please refer to Note 11 “Borrowings” to the Group’s consolidated financial statements included in this prospectus. The Group leases vehicles and plants under various non -cancellableoperating lease agreements. As of December31, 2024, the minimum future commitments under these agreements are as follows.

| For the years ending December 31, |     | Operating 
 Leases    |           |
|:----------------------------------|:----|:----------|----------:|
| 2025                              |     | $         | 2,299,231 |
| 2026                              |     |           | 1,303,612 |
| 2027                              |     |           |   588,220 |
| 2028                              |     |           |   333,149 |
| 2029 and thereafter               |     |           | 2,794,794 |
| Total lease commitment            |     |           | 7,319,006 |

44 Off-Balance Sheet Arrangements During the periods presented, the Group did not have any relationships with unconsolidated organizations or financial partnerships, such as structured finance or special purpose entities, which were established for the purpose of facilitating off -balancesheet arrangements. Trends and Uncertainties Other than as disclosed elsewhere in this prospectus, we are not aware of any trends, uncertainties, demands, commitments or events as of the date of this prospectus that are reasonably likely to have a material effect on our net revenues, income from operations, profitability, liquidity or capital resources, or that would cause the disclosed financial information to be not necessarily indicative of future operating results or financial condition. Critical Accounting Policies and Estimates Management’s discussion and analysis of our results of operations and liquidity and capital resources are based on our audited financial information. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in our financial statements. On an ongoing basis, we evaluate our estimates and judgments, including those related to fair value of financial instruments and accrued expenses. We base our estimates on historical experience, known trends and events and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different