Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 201

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 201
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 | $ | 14,132 |

____________

(1)

Amounts due to related parties

Amounts due to related parties consisted of the following for the periods indicated:

|                                     |     | As of December 31, |    2024 |     |   |    2023 |
|:------------------------------------|:----|:-------------------|--------:|:----|:--|--------:|
| Far East Machinery Co., Ltd(1)      |     | $                  | 119,578 |     | $ | 241,324 |
| Chiayi Sports Equipment Co., Ltd(2) |     |                    |     181 |     |   |   1,643 |
| Peko, LLC                           |     |                    |       — |     |   |  32,500 |
| Total                               |     | $                  | 119,759 |     | $ | 275,467 |

____________ (1) The balance mainly represented lease expense and utility expense payable to the related party. (2) The balance mainly represented utility expense payable and purchase of land and building payable to the related party. (2) The balance mainly represented lease expense payable to the related party.

F-31

FST Corp.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars, except for share and per share data, or otherwise noted) 13.RELATED PARTY TRANSACTIONS (cont.)

Related party transactions

Material related party transactions consisted of the following for the periods indicated:

| Related party transactions              
 Nature                                  
 Factory Automation Technology Co., Ltd. |     | For the years ended 
 December 31,        
 2024                |         |     | 2023 |           |
|:----------------------------------------|:----|:--------------------|--------:|:----|:-----|----------:|
| Software service fee                    |     | $                   | 235,769 |     | $    |   219,143 |
| Purchase of machinery                   |     | $                   | 698,600 |     | $    |   114,597 |
| Far East Machinery Co., Ltd             |     |                     |         |     |      |           |
| Software service fee                    |     | $                   |  12,919 |     | $    |         — |
| Lease expense                           |     | $                   | 747,515 |     | $    |   770,403 |
| Utility expense                         |