Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 100

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 100
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 engages a third -partymanufacturer located in Taiwan, who specializes in carbon fiber sport products, to manufacture all graphite shafts for the Company on a purchase order basis. The Company has selected this graphite shafts supplier after considering its industry experience, manufacturing capacity, and per unit production cost. The Company has not experienced any delivery delay or production disruption with this supplier. The Company has not entered into any exclusive arrangement with this supplier, so the Company may select another manufacturer to replace or supplement the production of graphite shafts. The Company typically holds 5 to 6 months of inventory of graphite shafts in reserve in case the Company will need to find a new manufacturer for graphite shafts. To protect its intellectual property, the Company has also required its graphite shafts supplier and the relevant employees at the supplier to enter into non -disclosureagreements restricting the disclosure or improper use of any design or confidential information that the Company transmits to the supplier when making orders. The Company periodically reviews its relationship with its graphite shafts supplier, and is actively exploring other manufacturers to diversify supply. If there is any production disruption, work stoppage, strike, production delay, or if there is any breach to the non -disclosureagreement, any improper use, disclosure, theft, appropriation of the Company’s intellectual property, the business, financial condition, results of operation and prospects of the Company could be materially and adversely affected. 67 Supplier Stability and Diversification The Company maintains long -termrelationships with most suppliers, fostering strong partnerships. The Company does not utilize formal long -termcontracts; its established connections ensure reliable supply. Additionally, for key inputs such as electroplating, the Company maintains multiple qualified supplier options, mitigating potential disruptions. Sales and Marketing Leveraging Taiwan’s exceptional manufacturing capabilities and cost advantages, the Company’s “KBS” brand has gained significant recognition in the U.S. golf industry. Consequently, the Company has evolved from being an OEM for international brands to becoming a seller of high -endshafts for private branded golf clubs and branded golf club heads. In parallel, under its private brand, KBS, the Company has engaged in OEM contracts for carbon fiber clubs, expanding its product lines to encompass both iron clubs and carbon fiber clubs. This comprehensive approach addresses customers’ preferences for one -stopshopping, significantly enhancing the Company’s and brands’ capabilities to accept orders and negotiate. The Company’s proactively develops and promotes its private brand, “KBS”. In 2008, the Company launched its popular KBS Tour