Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 205

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 205
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 opinion on the effectiveness of the Group’s internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion. /s/ Enrome LLP We have served as the Group’s auditor since 2024. Singapore, June12, 2024 F-45

FST Corp.
CONSOLIDATED BALANCE SHEETS
(In U.S. dollars, except for share and per share data, or otherwise noted)

|                                                                                                                                          |     | As of        
 December 31, 
 2023         |         |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------|--------:|:--|
| Asset                                                                                                                                    |     |              |         |   |
| Current asset                                                                                                                            |     |              |         |   |
| Deferred offering costs                                                                                                                  |     | $            |  15,300 |   |
| Total asset                                                                                                                              |     | $            |  15,300 |   |
| Liability                                                                                                                                |     |              |         |   |
| Current liability                                                                                                                        |     |              |         |   |
| Amount due to a related party                                                                                                            |     | $            |  36,068 |   |
| Total liability                                                                                                                          |     | $            |  36,068 |   |
| Shareholder’s Deficit                                                                                                                    |     |              |         |   |
| Ordinary share (par value of US$0.0001 per share; 500,000,000 shares authorized; 1 share issued and outstanding as of December 31, 2023) |     |              |  0.0001 |   |
| Subscription receivable                                                                                                                  |     |              | (0.0001 | ) |
| Accumulated deficit                                                                                                                      |     |              | (20,768 | ) |
| Total shareholder’s deficit                                                                                                              |     |              | (20,768 | ) |
| Total liabilities and shareholder’s deficit                                                                                              |     | $            |  15,300 |   |

The accompanying notes