Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 205

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 205
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 the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit salso included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit sprovide a reasonable basis for our opinion. /s/ Marcum Asia CPAs llp Marcum Asia CPAs llp We have served as the Company’s auditor since 2024. New York, New York
May15, 2025 F-36

FST LTD.
(FORMERLY CHENGHE ACQUISITION I CO.)
BALANCE SHEETS

|                                                                                                                                                                                                                                          |     | December 31, 
 2024         |            |   |     | December 31, 
 2023         |            |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:-------------|-----------:|:--|
| Assets                                                                                                                                                                                                                                   |     |              |            |   |     |              |            |   |
| Current Assets                                                                                                                                                                                                                           |     |              |            |   |     |              |            |   |
| Prepaid expenses                                                                                                                                                                                                                         |     | $            |          — |   |     | $            |      3,640 |   |
| Total Current Assets                                                                                                                                                                                                                     |     |              |          — |   |     |              |      3,640 |   |
| Cash held in Trust Account                                                                                                                                                                                                               |     |              | 41,746,692 |   |     |              | 43,605,597 |   |
| Total Assets                                                                                                                                                                                                                             |     | $            | 41,746,692 |   |     | $            | 43,609,237 |   |
| Liabilities, Redeemable Ordinary Shares and Shareholders’ Deficit                                                                                                                                                                        |     |              |            |   |     |              |            |   |
| Current Liabilities                                                                                                                                                                                                                      |     |              |            |   |     |              |            |   |
| Accounts payable and accrued expenses                                                                                                                                                                                                    |     | $            |  2,949,312 |   |     | $            |  1,716,466 |   |
| Promissory note – related party                                                                                                                                                                                                          |     |              |  1,