Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 246

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 246
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:------|:--|-------------:|:--|:----|:--|-------------:|:--|
| Public Warrant Price    |       | $ |         0.04 |   |     | $ |         0.01 |   |
| Risk-free interest rate |       |   |         4.22 | % |     |   |         4.64 | % |
| Expected term (years)   |       |   |         0.65 |   |     |   |         1.26 |   |
| Expected volatility     |       |   |         13.3 |   |     |   |   de minimis |   |
| Stock price             |       | $ |         9.63 |   |     | $ |        11.03 |   |
| Exercise price          |       | $ |        11.50 |   |     | $ |        11.50 |   |

NOTE 10 — SEGMENT INFORMATION ASC Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statements information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker has been identified as the Chief Executive Officer(“CODM”), who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment.

F-60

FST LTD.
(FORMERLY CHENGHE ACQUISITION I CO.)
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024 AND 2023 NOTE 10 — SEGMENT INFORMATION (cont.) When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

|                                                                      |     | For the Year Ended 
 December 31,       |      2024 |     |   |      2023 |
|:---------------------------------------------------------------------|:----|:-------------------|----------:|:----|:--|----------:|
| Professional service fee in connection with the Business Combination |     | $                  | 1,616,046 |     | $ |   724,652 |
| Financing