Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 60

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 60
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 food and beverage |      |         |           935,593 |     |         2.6 |     |         |           904,644 |     |         3.1 |
| Software service                               |      |         |           248,688 |     |         0.6 |     |         |                 — |     |           — |
| Total                                          |      | $       |        36,499,644 |     |       100.0 |     | $       |        28,730,549 |     |       100.0 |

Cost of Revenue The Group’s cost of revenue consists primarily of costs of product parts and materials purchased from manufacturers, labor costs, depreciation, maintenance, and other overhead related costs, such as salaries and related personnel expenses.

39 Selling Expenses The Group’s selling expenses consist of personnel expenses and advertising expenses and shipping expenses. The Group expects its selling expenses to increase for the foreseeable future as the Group invests to support the growth of its expansion and to build out its sales force and marketing capabilities. General and Administrative Expenses The Group’s general and administrative expenses consist primarily of personnel -relatedexpenses for employees involved in general corporate functions, including executive and administration, legal, human resources, accounting, finance, tax, and information technology and outside professional services, including legal, audit and accounting services, as well as expenses for allocated facilities costs, such as office rent, depreciation, other general corporate expenses and travel. Personnel -relatedexpenses primarily include salaries and benefits compensation. Research and Development Expenses The R&D expenses include: •Personnel related expenses, including salaries and benefits compensation expenses for personnel in research and engineering, design, and testing functions; •Expenses related to materials, suppliers and third -partyservices; and •An allocated portion of overhead expenses, such as facility and IT costs and depreciation. The Group’s research and development expenses for the years ended December 31, 2024 and 2023 range of 3.6% to 5.3% of its revenue. Other Income The Group’s other income primarily consists of interest expense, net, foreign exchange gain, investment gain/loss on long -terminvestment and government grants. Income Tax Expenses The Group’s income tax expense primarily consists of current tax (benefits) expenses and deferred tax (benefits) expenses. Cayman Islands The Company was incorporated in the Cayman Islands. Under the current laws of the Cayman Islands, the Company is not subject to income or capital gains taxes.