Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 199

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 199
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 $    |   124,709 |
| Purchase of land and buildings          |     | $                   |       — |     | $    | 9,488,314 |

14.ORDINARY SHARES FST was established under the laws of Taiwan on May 18, 1976. As of December 31, 2022, the authorized number of Ordinary Shares was 100,000,000with par value of TWD$ 10(approximately $ 0.33) per share and 41,964,919shares issued and outstanding. On June 19, 2023, FST’s shareholder meeting approved to issue 12,589,476additional Ordinary Shares to all existed shareholders at par value of TWD$ 10(approximately $ 0.33) per share as stock dividend, each 1,000Ordinary Shares of existed shareholders has the right to receive 300shares of stock dividend. As of December 31, 2023, the authorized number of Ordinary Shares was 100,000,000with par value of TWD$ 10(approximately $ 0.33) per share and 54,554,395shares issued and outstanding. The authorized number of ordinary shares of the Company is 500,000,000shares with par value of US$ 0.0001each. As of December 31, 2023, the Company had issued oneordinary share. On June 26, 2024, the Company entered into the several restructuring documents with certain FST’s shareholders (“FST Restructuring”). On December 27, 2024, the Company consummated the FST Restructuring with FST, and FST become a subsidiary of the Company. The Company issued 37,749,380ordinary shares to initial FST shareholders who participated in the FST Restructuring. As of December 31, 2024, issued and outstanding ordinary shares of the Company was 37,749,381. 15.CONCENTRATION OF RISK (a)Exchange rate risk s FST Taiwan and the Group’s subsidiary in Japan may be exposed to significant currency risks from exchange rate fluctuations and the degree of foreign exchange rates between the U.S. Dollar and the TWD, and between the U.S. Dollar and the JPY. As of December 31, 2024 and 2023, the TWD denominated cash and cash equivalents and restricted cash amounted to $ 1,806,939