Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 43

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 43
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 Through investment in automated                                                                                   

  Shorter Delivery Periods: The Company’s streamlined                                                                                    

  Enhanced Production Capacity: The Company employs                                                                                 

The Company’s manufacturing expertise in shaft production has
allowed the Company to pioneer graphite shaft production. The Company launched its first graphite shaft series, KBS Tour-TGI series,
in 2017. Since then, the Company has further expanded its graphite shaft portfolio with the Hybrid and TD series. This comprehensive portfolio
caters to the diverse needs of golf customers, offering one-stop shopping for various specifications and functionalities. The expansion
not only enhances brand awareness and market share but also strengthens the Company’s bargaining power with brand suppliers.

Leveraging Taiwan’s Golf Manufacturing Hub and Trade Dynamics

Over four decades, Taiwan has established itself as a leading global
golf equipment production hub, with a comprehensive supply chain ecosystem. The strong manufacturing capabilities, combined with the comprehensive
product offering, allow Taiwanese manufacturers to meet the customers’ specified needs throughout the lifecycle of a product. In
addition, the relatively low labor costs and competitive production pricing have cemented Taiwanese manufacturers’ position as preferred
partners for international brands.

Furthermore, the Company has witnessed manufacturing orders move from
the PRC to Taiwan due to the recent trade tensions between China and the U. S., which presents an opportunity for the Company to further
expand its operations. Given the Company’s existing competitive position in the market, the Company believes that it is able to
secure larger order volumes and new product development opportunities from customers seeking alternative production sources.

Growth Strategies

Optimizing Product Design Through Data Collection

As golf continues to gain popularity around the world, golf players
have started to demand more customization from their golf shafts, seeking those that better suit their technical abilities and swing characteristics.
For example, a golfer may seek to customize the stiffness, the bend profile, the weight, the material and the length of his or her golf
shafts. The increasing demand for product customization prompts golf equipment manufacturers to invest in research and development for
shafts available in various forms or with different functions.

To better address diverse customer preferences and anticipate market
changes, the Company plans to leverage customer preference data that the Company collects through its online fitting tool and the KBS
Golf Experience stores. Personalized fittings allow the Company to collect performance data on customers, which facilitates the development
of a comprehensive profile of the customers’ abilities and swing characteristics. In addition, the Company records feedback and
preferences from top golf athlete through its