Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 188

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 188
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4.91% for the Group’s operating leases.

F-25

FST Corp. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. dollars, except for share and per share data, or otherwise noted) 10.LEASES (cont.) The following table summarizes the maturity of lease liabilities under operating leases as of December 31, 2024:

| For the years ending December 31, |     | Operating 
 Leases    |           |
|:----------------------------------|:----|:----------|----------:|
| 2025                              |     | $         | 2,299,231 |
| 2026                              |     |           | 1,303,612 |
| 2027                              |     |           |   588,220 |
| 2028                              |     |           |   333,149 |
| 2029 and thereafter               |     |           | 2,794,794 |
| Total lease payments              |     |           | 7,319,006 |
| Less: imputed interest            |     |           | 1,347,518 |
| Total                             |     |           | 5,971,488 |
| Less: current portion             |     |           | 2,060,022 |
| Non-current portion               |     | $         | 3,911,466 |

11.BORROWINGS As of December 31, 2024 and 2023, summary of the borrowings is as following:

|                          |     |               |   |     |                |     |             As of 
 December 31, 2024 |     |            |     |              |     |             As of 
 December 31, 2023 |     |              |
|:-------------------------|:----|--------------:|:--|:----|:---------------|:----|------------------:|:----|-----------:|:----|-------------:|:----|------------------:|:----|-------------:|
| Bank and other financial 
 institution              |     |        Annual 
 Interest Rate |   |     | Maturity       |     |         Principal |     | Short-term |     |    Long-term 
 (Non-current 
    portions) |     |        Short-term |     |    Long-term 
 (Non-current 
    portions) |
| Bank SinoPac(1)          |     |          2.61 | % |     | November