Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 26

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 26
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 of operations. The Company’s business requires disciplined execution at all levels of its organization. This execution requires an experienced and talented management team. If the Company were to lose the benefit of the experience, efforts and abilities of key executive personnel, it could have a material adverse effect on the Company’s business, financial condition and results of operations. Competition for skilled and experienced management is intense, and the Company may not be successful in attracting and retaining new qualified personnel required to grow and operate the Company’s business profitably. Investor conﬁdence and share value may be adversely impacted if FST concludes that the Company’s internal control over ﬁnancial reporting is not effective. Effective internal controls are necessary for FST to provide reliable ﬁnancial reports and to help prevent fraud. Although FST undertakes a number of procedures in order to help ensure the reliability of its ﬁnancial reports, including those imposed on it under U.S. securities laws, FST cannot be certain that such measures will ensure that it will maintain adequate control over ﬁnancial processes and reporting. Failure to implement required new or improved controls, or difﬁculties encountered in their implementation, could harm FST’s results of operations or cause it to fail to meet its reporting obligations. If FST discovers a material weakness, the disclosure of that fact, even if quickly remedied, could reduce investor conﬁdence in its consolidated ﬁnancial statements and effectiveness of the Company’s internal controls, which ultimately could negatively impact the market price of the Company’s common shares. FST will incur signiﬁcant increased expenses and administrative burdens as a public company, which could have an adverse effect on its business, ﬁnancial condition and results of operations. FST will face increased legal, accounting, administrative and other costs and expenses as a public company that the Company did not incur as a private company. The Sarbanes -OxleyAct, including the requirements of Section 404 thereof, as well as rules and regulations subsequently implemented by the SEC, the Dodd -FrankWall Street Reform and Consumer Protection Act of 2010 and the rules and regulations promulgated and to be promulgated thereunder, PCAOB and the securities exchanges, impose additional reporting and other obligations on public companies. Compliance with public company requirements will increase costs and make certain activities more time -consuming. A number of those requirements require FST to carry out activities FST has not done previously. In addition, expenses associated with SEC reporting requirements