Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 108

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 7
Chunk 108
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and an aggregate amount of NT$32,906,480 ($1,074,672.76) was paid by FST Japan respectively to FST for shaft purchases. As of December 31,
2023, an aggregate amount of NT$226,299,311 ($7,390,571.88) was due and payable to FST from FST America and an aggregate amount of NT$44,561,470
($1,455,306.01) was due and payable to FST from FST Japan for shaft purchases. In 2024, an aggregate amount of NT$313,132,466 ($9,549,633.00)
was paid by FST America and an aggregate amount of NT$17,571,610 ($535,883.20) was paid by FST Japan respectively to FST for shaft purchases.
As of December 31, 2024, an aggregate amount of NT$316,378,072 ($9,648,614.58) was due and payable to FST from FST America, and an aggregate
amount of NT$65,534,474 ($1,998,611.59) was due and payable to FST from FST Japan for shaft purchases.

FST
America also sells golf shafts to FST. During 2024, an aggregate amount of NT$13,227,619 ($ 403,404.05) was paid by FST to FST America
for shaft purchases. As of December 31, 2024, an aggregate amount of NT$6,438,562 ($196,357.50) was due and payable to FST America from
FST for shaft purchases.

Policy
and Procedures Governing Related Party Transactions

We
have adopted policies and procedures governing related party transactions (the “ Related Party Policy”), which include provisions
regarding contracts and transactions between our company and our interested directors or officers, or between us and any other corporation,
partnership, association or other organization in which one or more of our directors or officers are directors or officers or have a
financial interest (each, an “ Interested Party”).

Pursuant
to the Related Party Policy, no contract or transaction between us and an Interested Party will be void or voidable solely because it
is with an Interested Party, or solely because the Interested Party is present or participates in the meeting of the board or a committee
thereof that authorizes the contract or transaction thereof or solely because the Interested