Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 196

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 196
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 |   |  (11,692,833 | ) |
| Less: Impairment of property, plant and equipment |     |            |    (183,827 | ) |     |   |     (194,812 | ) |
| Property, plant and equipment, net                |     | $          |  17,931,274 |   |     | $ |   18,195,534 |   |

Depreciation expenses were $721,531 and $909,364 for the six months ended June 30, 2024 and 2023, respectively. 7.INTANGIBLE ASSETS, NET

|                                |     |            |      As of 
   June 30, 
       2024 |   |     |   |        As of 
 December 31, 
         2023 |   |
|:-------------------------------|:----|:-----------|-----------:|:--|:----|:--|-------------:|:--|
|                                |     | -Unaudited |            |   |     |   |              |   |
| Trade mark                     |     | $          |  6,500,000 |   |     | $ |    6,500,000 |   |
| Software                       |     |            |    835,743 |   |     |   |      854,975 |   |
| Intangible assets, gross       |     |            |  7,335,743 |   |     |   |    7,354,975 |   |
| Less: accumulated amortization |     |            | (2,168,214 | ) |     |   |   (2,023,632 | ) |
| Intangible assets, net         |     | $          |  5,167,529 |   |     | $ |    5,331,343 |   |

Amortization expenses were $174,144 and $207,211 for the six months ended June 30, 2024 and 2023, respectively.

F-36

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) 8.PREPAYMENT AND OTHER NON-CURRENT ASSETS Prepayment and other non -currentassets consisted of the following:

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