Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 185

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16
Chunk 185
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841,027  
  Operating equipment                                                                 669,020                     491,928  
  Plant, property and equipment, gross                                             30,648,743                  28,490,336  
  Construction in progress                                                            971,267                   1,592,843  
  Less: accumulated depreciation                                                 ( 11,916,419                ( 11,692,833  
  Less: Impairment of property, plant and equipment                                 ( 181,919                   ( 194,812  
  Property, plant and equipment, net                     $                         19,521,672      $           18,195,534  

  (1)      On July 11, 2023, the Group entered an agreement with Chiayi Sports Equipment Co., Ltd to acquire its                                            

Depreciation expenses were $1,575,828and $1,468,548for the years ended December 31, 2024 and 2023, respectively.

F-21

FST Corp.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U. S. dollars, except for share and per
share data, or otherwise noted)

7. INTANGIBLE ASSETS, NET

                                      As of December 31,                                              
                                      2024                                     2023                   
 ──────────────────────────────────────────────────────────────────────────────────────────────────────
  Trade mark                          $                         6,500,000      $           6,500,000  
  Software                                                        984,174                    854,975  
  Intangible assets, gross                                      7,484,174                  7,354,975  
  Less: accumulated amortization                              ( 2,345,737                ( 2,023,632  
  Intangible assets, net              $                         5,138,437      $           5,331,343  

Amortization expenses were $356,247and $347,040for the years ended December 31, 2024 and 2023, respectively.

8. INVESTMENTS

Short-term investment

The Group invested TWD2,000,000in Mega
Trust ESG Taiwan-Us Sustainable Dual-Gain Multi-Asset Fund (the “ Fund”) during the year ended December 31, 2024. The
investment scope of this Fund includes investments in global capital market stocks, bonds, fund beneficiary certificates and
beneficiary securities of real estate investment trust funds (REITs),