Company: FGI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052375
Chunk: 51

Company: FGI Industries Ltd.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 (primarily toilets, sinks, pedestals and toilet seats), bath furniture (vanities, mirrors and cabinets), shower systems, customer kitchen cabinetry and other accessory items. These products are sold primarily for repair and remodeling (“R&R”) activity and, to a lesser extent, new home or commercial construction. The Company sells its products through numerous partners, including mass retail centers, wholesale and commercial distributors, online retailers and independent dealers and distributors.The accompanying unaudited condensed consolidated financial statements reflect the activities of FGI and each of the following entities as described below:NameBackgroundOwnershipFGI Industries Inc.(“FGI Industries”, formerly named Foremost Groups, Inc.)•A New Jersey corporation•Incorporated on January 5, 1988•Sales and distribution in the United States100% owned by FGIFGI Europe Investment Limited(“FGI Europe”)•A British Virgin Islands holding company•Incorporated on January 1, 2007100% owned by FGIFGI International, Limited(“FGI HK”)•A Hong Kong company•Incorporated on June 2, 2021•Sales, sourcing and product development100% owned by FGIFGI Canada Ltd.(“FGI Canada”)•A Canadian company•Incorporated on October 17, 1997•Sales and distribution in Canada100% owned by FGI Industries Inc.FGI Germany GmbH & Co. KG(“FGI Germany”)•A German company•Incorporated on January 24, 2013•Sales and distribution in Germany100% owned by FGI Europe Investment LimitedFGI China, Ltd.(“FGI China”)•A PRC limited liability company•Incorporated on August 19, 2021•Sourcing and product development100% owned by FGI International, LimitedFGI United Kingdom Ltd(“FGI UK”)•An UK company•Incorporated on December 10, 2021•Sales and distribution in UK100% owned by FGI Europe Investment LimitedFGI Australasia Pty Ltd(“FGI AU”)•An Australian company•Incorporated on September 8, 2022•Sales and distribution in Australia100% owned by FGICovered Bridge Cabinetry Manufacturing Co., Ltd(“CBM”)•A Cambodian company•Incorporated on April 21, 2022•Manufacturing in Cambodia100% owned by FGIIsla Porter LLC(“Isla Porter”)•