Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 212

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 212
---
3 |     |               1 |     | $      | 0.0001 |     | $            | (0.0001 | ) |     | $           | (20,768 | ) |     | $             | (20,768 | ) |
| Balance as of June 30, 2024     |     |               1 |     | $      | 0.0001 |     | $            | (0.0001 | ) |     | $           | (20,768 | ) |     | $             | (20,768 | ) |

The accompanying notes are an integral part of these consolidated financial statements.

F-55

FST CORP.
UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS (In U.S. dollars, except for share and per share data, or otherwise noted)

|                                       |     | For the      
 period ended 
 June 30,     
 2024         |   |
|:--------------------------------------|:----|:-------------|:--|
| Cash Flows from Operating Activities  |     |              |   |
| Net cash used in operating activities |     | $            | — |
| Net change in cash                    |     |              | — |
| Cash, beginning of the period         |     |              | — |
| Cash, end of the period               |     | $            | — |

The accompanying notes are an integral part of these consolidated financial statements.

F-56 FST CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. dollars, except for share and per share data, or otherwise noted) 1. Description of Organization and Business Operations FST Corp. (the “Company”) was incorporated under the laws of the Cayman Islands on November 24, 2023. The Company and its wholly owned subsidiary, FST Merger Ltd., a Cayman Islands company incorporated on November 27, 2023 (collectively, the “Group”), were formed for the purpose of effecting a merger between Chenghe Acquisition I Co. (“Chenghe”), Femco Steel Technology Co., Ltd. (“FST”) and certain other affiliated entities through a series of transactions (the “Business Combination”) pursuant to the definitive agreement entered into on December 22, 2023. In conjunction with the Business Combination, Chenghe and FST will become wholly owned subsidiaries of and will be operated by the Company, with the Company serving as the public