Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 190

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 190
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   |
| Earnings per share, basic and diluted                            |     |                     0.01 |   |     |      (0.02 | ) |

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-28

FEMCO STEEL TECHNOLOGY CO., LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN
SHAREHOLDERS’ EQUITY (In U.S. dollars, except for share and per share data, or otherwise noted)

|                                                  |     | Ordinary Shares 
         Shares* |     | Amount |            |     | Additional 
 paid-in    
 capital    |           |     | Statutory 
 reserves  |           |     | Retained 
 earnings |            |   |     | Accumulated   
 other         
 comprehensive 
 loss          |            |   |     | Total         
 shareholders’ 
 equity        |            |   |
|:-------------------------------------------------|:----|----------------:|:----|:-------|-----------:|:----|:-----------|----------:|:----|:----------|----------:|:----|:---------|-----------:|:--|:----|:--------------|:-----------|:--|:----|:--------------|-----------:|:--|
| Balance as of December 31, 2022                  |     |      41,964,919 |     | $      | 13,994,732 |     | $          | 4,443,095 |     | $         | 3,112,915 |     | $        | 12,056,304 |   |     | $             | (1,185,548 | ) |     | $             | 32,421,498 |   |
| Retained earnings converted into Ordinary Shares |     |      12,589,476 |     |        |  3,956,466 |     |            |         — |     |           |         — |     |          | (3,956,466 | ) |     |               | —          |   |     |               |          — |   |
| Appropriation to statutory reserves              |     |               — |     |        |          — |     |            |         — |     |           |    40,864 |     |          |    (40,864 | ) |     |               | —          |   |     |               |          — |   |
| Net loss