Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 69

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 69
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 back or abandon all or part of our growth strategy, which could have an adverse impact on our business and financial prospects. Cash Flows Summary Presented below is a summary of the Group’s operating, investing, and financing cash flows:

|                                                     |     | Six months ended 
         June 30, |      |     |            |      |     |  Years ended 
 December 31, |      |     |            |   |
| 2024                                                |     |                  | 2023 |     |            | 2023 |     |              | 2022 |     |            |   |
| Net cash provided by (used in) operating activities |     |        1,420,385 |      |     | (4,242,452 |    ) |     |  (11,205,424 |    ) |     | 12,721,148 |   |
| Net cash used in investing activities               |     |       (1,443,282 |    ) |     | (669,761   |    ) |     |  (11,592,307 |    ) |     | (2,458,553 | ) |
| Net cash used in (provided by) financing activities |     |          (49,089 |    ) |     | (6,798     |    ) |     |   11,302,462 |      |     |  2,297,238 |   |

44 Cash flow for the Six Months Ended June 30, 2024 and 2023 Cash Flows Provided by (Used in) Operating Activities Cash flows generated from operating activities are typically re -investedto support the growth of the Group’s business. The Group’s operating cash inflows include cash from sales of its products. These cash inflows are offset by the Group’s payments to suppliers for production materials and parts used in the Group’s manufacturing process, operating expenses, and interest payments on the Group’s financings. During the six months ended June 30, 2024, net cash provided by operating activities was $1,420,385. During the six months ended June 30, 2023, net cash used in operating activities was $4,242,452. The increase was mainly attributable to i) increase in net income in the six months ended June 30, 2024; ii) decrease in inventories in the six months ended June 30, 2024; iii) increase in income taxes payable in the