Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 106

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 7
Chunk 106
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 was paid as
prepayment by FST to Factory Automation for purchase of machinery. In 2022, an aggregate amount of NT$6,826,860 ($222,954.28) was incurred
by Factory Automation for software service fees payable to FST. As of December 31, 2022, an aggregate amount of NT$2,389,400 ($78,033.96)
was due and payable to FST from Factory Automation for software service fees charged. In 2023, an aggregate amount of NT$6,826,860 ($222,954.28)
was incurred by Factory Automation for software service fees payable to FST, and machinery in the aggregate amount of NT$5,100,000 ($166,557.81)
was purchased by FST from Factory Automation. As of December 31, 2024, an amount of NT$7,569,684 ($230,853.43) was due and payable
to FST from Factory Automation for software service fees charged.

For
2024, an aggregate amount of NT$7,948,173($242,396.25) was incurred by Factory Automation for software service fees payable to FST. As
of December 31, 2024, an amount of NT$2,012,322 ($61.369.99) was due and payable to FST from Factory Automation for software service
fees charged.

Furthermore,
during 2024, FST America purchased equipment from Factory Automation in the amount of NT$22,907,094 ($698,600) for onward sale to non-related parties.
The balance of related payables of FST America as of December 31, 2024, was zero.

Peko,
LLC

FST
America leases warehouse space from Peko, LLC (“ Peko”) for office use. FST America entered into the lease agreement with
Peko on July 1, 2020, which provides that FST America shall pay Peko on a monthly basis NT$842,050 ($27,500) in rent (tax excluded).
The lease is a one-year lease with an initial term that expires on June 30, 2021. In 2021, an aggregate amount of NT$10,104,600
($330,000) was paid by FST America to Peko as lease payments. As of December 31, 2021, the aggregate amount of all periodic payments
or installments due and