Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 245

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16F
Chunk 245
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 continue as a going concern because of SPAC’s liquidity condition and date for mandatory liquidation.

SPAC provided Marcum LLP
with a copy of the disclosures contained under Item 4.01(a). SPAC has requested that Marcum LLP issues a letter, addressed to the SEC,
stating whether or not Marcum LLP agrees with the statements contained under Item 4.01(a). A copy of Marcum LLP’s letter dated March
4, 2024, addressed to the SEC, was filed as Exhibit 16.1 to the Current Report on Form 8-K of SPAC on March 4, 2024.

On February 27, 2024, Marcum Asia
CPAs LLP was engaged as the independent registered public accounting firm for SPAC. The decision to replace Marcum LLP with Marcum Asia
CPAs LLP was approved the audit committee of the board of directors of SPAC. During SPAC’s two most recent fiscal years and through
February 27, 2024, neither SPAC nor anyone acting on SPAC’s behalf consulted Marcum Asia CPAs LLP with respect to any of the
matters or reportable events set forth in Item 304(a)(2) of Regulation S-K.

On December 2, 2024, Enrome
was replaced by KPMG Taiwan as the Company’s independent registered public accounting firm. KPMG Taiwan conducted an audit of the
Company’s financial statements as of and for the period ended December 31, 2024. The decision to dismiss Enrome and appoint KPMG
Taiwan as the Company’s independent registered public accounting firm was approved by the board of directors of the Company.

The board of director’s
decision to replace Enrome was not as a result of any disagreements with Enrome on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope. The audit report of Enrome on the consolidated financial statements of Femco as of and for the
years ended December 31, 2023, and 2022, did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified
as to uncertainty, audit scope, or accounting principles.

During the year ended December
31, 2022 and 2023, and the subsequent interim period through December 1, 2024, (i) there were no disagreements between the Company and
Enrome on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or