Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 104

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 104
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 of a year are typically higher than the other quarters. The Company’s second -quartersales are primarily impacted by the weather conditions, which affects the length of golf season and the number of discretionary purchases made by golfers. Third -quartersales are generally less than the second quarter as many retailers begin decreasing their inventory levels in anticipation of the end of the golf season. Fourth -quartersales are generally less than the other quarters due to the end of the golf season in the Company’s current key markets. However, this seasonality has been significantly reshaped in recent years. The COVID -19pandemic initially disrupted these patterns by depressing demand in 2020 and 2021. The easing in travel restriction and the rising popularity of golf among millennials help sustain heightened demand for golf equipment throughout 2022. The Company expects that due to increasing geopolitical tension, global economy slowdown and rising inflation rates, the demand for golf equipment will revert to the traditionally observed seasonality pattern. Facilities The Company has historically leased all of its office and plant facilities. The Company’s corporate headquarters are located at No.3, Gongye 1 stRd., Minxiong Township, Chiayi County 621018, Taiwan, where it leases an office with 30,760 square meters pursuant to a lease agreement that is in effect until December 31, 2025. The corporate headquarters primarily contain administrative, factory plant, and warehouse functions. In 2023, the Company purchased land and buildings located in Minxiong Township of Chiayi County, Taiwan to serve as the site of its future factory expansion. We purchased two land parcels including No. 22 and 22 -1of the Industrial Subsection of Touqiao Section and six construction projects including No. 11 and 11 -1~11 -5were acquired, with a total of 3,045.87 square meters (10,069 square meters) acquired, and the transaction price was NT$296,000,000. To finance the NT$296,000,000 purchase price, FST utilized a combination of long -termfunds (amount not specified) and a secured bank loan of NT$224,000,000 (approximately 76% of the total cost) from the Bank of Taiwan. The loan has a 15 -yearterm with an interest rate of 1.78% for the first two years and 1.82% thereafter. The real estate sales contract was signed on July11, 2023, marking the