Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 201

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 201
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 13 | % |     |   12 | % |

The following table sets forth a summary of single suppliers who represented 10% or more of the Group’s total purchase:

|                                          |     | For the years ended 
        December 31, |   |     |      |   |
|                                          |     |                2024 |   |     | 2023 |   |
| Percentage of the Group’s total purchase |     |                     |   |     |      |   |
| Supplier A                               |     |                  33 | % |     |   21 | % |
| Supplier B                               |     |                  12 | % |     |   20 | % |
| Supplier C                               |     |                   * | % |     |   15 | % |
| Total                                    |     |                  45 | % |     |   56 | % |

____________ * Represent percentage less than 10%

F-33

FST Corp.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars, except for share and per share data, or otherwise noted) 15.CONCENTRATION OF RISK (cont.)

The following table sets forth a summary of single suppliers who represented 10% or more of the Group’s total accounts payable:

|                                            |     | As of December 31, |   |     |      |   |
|                                            |     |               2024 |   |     | 2023 |   |
| Percentage of the Group’s accounts payable |     |                    |   |     |      |   |
| Supplier A                                 |     |                 45 | % |     |   31 | % |
| Total                                      |     |                 45 | % |     |   31 | % |

16.COMMITMENTS AND CONTINGENCIES

Contingencies

The Group’s significant unrecognized contractual commitments are as follows:

|                                              |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:---------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Acquisition of property, plant and equipment |     | $ |       48,842 |     | $ |    1,319,465 |
| Access to software license services          |     |   |      428,229 |     |   |      349,755 |
| Other services                               |