Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 152

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 152
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 ongoing lease was terminated on September 20, 2023. Since January 1, 2021, the aggregate amount of all periodic payments or installments due and payable under the lease with Chiayi is NT$14,685,000 ($479,588.50) (tax excluded). David Chuang is immediate family member of Chairman of the board of Chiayi. In addition, Chiayi has paid utility bills on behalf of the Company. The yearly utility payments advanced by Chiayi on the Company’s behalf, and the corresponding amounts of accounts payable of the Company to Chiayi for such payments, are in the following amounts respectively: For 2021, advance of NT$697,840 ($22,790.33) and year -endaccount payable of NT$55,526 ($1,813.39); for 2022, advance of NT$677,758 ($22,134.49), and year -endaccount payable of NT$48,532 ($1,584.98); for 2023, advance of NT$753,850 ($24,619.53), and year -endaccount payable of NT$50,315 ($1,643.21); and for 2024 up to September 30, 2024, advance of NT$71,353 ($2,330.27), with the account payable as of September 30, 2024 standing at NT$6,104 ($199.35). Company Shareholder Support Agreement Concurrently with the execution of the Business Combination Agreement, SPAC, FST, FST, certain shareholders of FST listed thereto and certain shareholders of FST listed thereto entered into FST Support Agreement, pursuant to which each signatory shareholders of FST and FST has agreed to, among other things, vote to the transactions contemplated under the Business Combination Agreement, and to not transfer any Subject Shares (as defined therein) until termination of the Company Support Agreement. Factory Automation Technology Co., Ltd FST owns 6.35%, and Far East owns 51.59%, of Factory Automation Technology Co., Ltd. (“ Factory Automation”). FST provides software services to Factory Automation and purchases machinery from Factory Automation. In 2021, an aggregate amount of NT$7,408,200 ($241,939.91) was incurred by Factory Automation for software service fees payable to FST, and machinery in the aggregate amount of NT$23,978,960 ($783,114.30) was