Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 207

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 207
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3             |     |               1 |     | $      | 0.0001 |     | $            | (0.0001 | ) |     | $           | (20,768 | ) |     | $             | (20,768 | ) |

The accompanying notes are an integral part of these consolidated financial statements.

F-48

FST Corp.
CONSOLIDATED STATEMENT OF CASH FLOWS
(In U.S. dollars, except for share and per share data, or otherwise noted)

|                                                  |     | For the      
 period from  
 November 24, 
 2023         
 (inception)  
 through      
 December 31, 
 2023         |         |   |
|:-------------------------------------------------|:----|:-------------|--------:|:--|
| Cash Flows from Operating Activities             |     |              |         |   |
| Net loss                                         |     | $            | (20,768 | ) |
| Changes in operating assets and liabilities:     |     |              |         |   |
| Amount due to a related party                    |     |              |  20,768 |   |
| Net cash provided in in operating activities     |     | $            |       — |   |
| Net change in cash                               |     |              |       — |   |
| Cash, beginning of the period                    |     |              |       — |   |
| Cash, end of the period                          |     | $            |       — |   |
| Supplemental disclosure of financing activities: |     |              |         |   |
| Deferred offering costs paid by a related party  |     | $            |  15,300 |   |

The accompanying notes are an integral part of these consolidated financial statements.

F-49 FST Corp.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars, except for share and per share data, or otherwise noted) 1. Description of Organization and Business Operations FST Corp. (the “Company”) was incorporated under the laws of the Cayman Islands on November 24, 2023. The Company and its wholly owned subsidiary, FST Merger Ltd., a Cayman Islands company incorporated on November 27, 2023 (collectively, the “Group”), were formed for the purpose of effecting a merger between Chenghe Acquisition I Co. (“Chenghe”), Femco Steel Technology Co., Ltd. (“FST”) and certain