Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 199

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 199
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792,545 |    |     |               |    340,167 |   |
| Others                                                       |     |                     |          — |    |     |               |      1,333 |   |
| Income tax expense (benefit)                                 |     | $                   |    456,246 |    |     | $             |   (751,071 | ) |
| Effective tax rates                                          |     |                     |      (16.4 | )% |     |               |       25.7 | % |

F-29

FST Corp.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars, except for share and per share data, or otherwise noted) 12.INCOME TAXES (cont.)

As of December 31, 2024 and 2023 the significant components of the deferred tax assets and deferred tax liabilities are summarized below:

| Deferred tax assets:                            |     | As of December 31, 
 2024               |            |   |     | 2023          
 (As Restated) |           |   |
|:------------------------------------------------|:----|:-------------------|-----------:|:--|:----|:--------------|----------:|:--|
| Net operating loss carried forwards             |     | $                  |  2,049,940 |   |     | $             | 1,361,646 |   |
| Allowance for credit losses                     |     |                    |    285,658 |   |     |               |   305,903 |   |
| Inventories                                     |     |                    |    152,776 |   |     |               |    96,538 |   |
| Lease liabilities                               |     |                    |  1,311,830 |   |     |               |         — |   |
| Others                                          |     |                    |     77,379 |   |     |               |   118,888 |   |
| Deferred tax assets                             |     |                    |  3,877,583 |   |     |               | 1,882,975 |   |
| Valuation allowance                             |     |                    | (1,414,090 | ) |     |               |  (733,726 | ) |
| Deferred tax assets, net of valuation allowance |     |                    |  2,463,493 |   |     |               | 1,149,249 |   |
|