Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 201

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 201
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) |         |
|:----------------------------------------|:----|:-------------------------|--------:|:----|:------------|--------:|
| Software service fee                    |     | $                        | 117,141 |     | $           | 111,717 |
| Purchase of machinery                   |     | $                        | 340,000 |     | $           |       — |
| Far East Machinery Co., Ltd             |     |                          |         |     |             |         |
| Lease expense                           |     | $                        | 376,185 |     | $           | 392,745 |
| Utility expense                         |     | $                        | 344,348 |     | $           | 383,611 |
| Peko, LLC                               |     |                          |         |     |             |         |
| Lease expense                           |     | $                        | 195,000 |     | $           | 165,000 |
| Chiayi Sports Equipment Co., Ltd        |     |                          |         |     |             |         |
| Lease expense                           |     | $                        |       — |     | $           |  88,368 |

14.ORDINARY SHARES The Group was established under the laws of Taiwan on May 18, 1976. As of June 30, 2024 and December 31, 2023, the authorized number of Ordinary Shares was 100,000,000 with par value of TWD$10 (approximately $0.33) per share and 53,811,395shares was issued to the shareholders at par value TWD$10 per share and 743,000 to the employees for share -basedcompensation.

F-41

FEMCO STEEL TECHNOLOGY CO., LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars, except for share and per share data, or otherwise noted) 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 June 30, 2024 and December 31, 2023, the TWD denominated cash and cash equivalents and restricted cash amounted to $7,099,748 and $8,856,143,