Company: FSTWF
Filing Date: 2025-07-25
Form Type: 424B3
Source: 0001213900-25-067790
Chunk: 196

Company: FST Corp.
Filing Date: 2025-07-25
Form: 424B3
Chunk 196
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 Deficit                                                                                                                                                                                                              |     |              | (8,469,955 | ) |     |              | (2,260,996 | ) |
| Total Liabilities, Redeemable Ordinary Shares and Shareholders’ Deficit                                                                                                                                                                  |     | $            | 41,746,692 |   |     | $            | 43,609,237 |   |

The accompanying notes are an integral part of the financial statements.

F-37

FST LTD.
(FORMERLY CHENGHE ACQUISITION I CO.)
STATEMENTS OF OPERATIONS

|                                                                                                                 |     | For the Years Ended December 31, |       2024 |   |     |   |       2023 |   |
|:----------------------------------------------------------------------------------------------------------------|:----|:---------------------------------|-----------:|:--|:----|:--|-----------:|:--|
| Formation and operating costs                                                                                   |     | $                                |  3,728,156 |   |     | $ |  2,143,619 |   |
| Loss from operations                                                                                            |     |                                  | (3,728,156 | ) |     |   | (2,143,619 | ) |
| Other (expense) income:                                                                                         |     |                                  |            |   |     |   |            |   |
| (Loss) gain on change in fair value of warrants                                                                 |     |                                  |   (459,566 | ) |     |   |  1,584,000 |   |
| Other income attributable to derecognition of deferred underwriting fee allocated to offering costs             |     |                                  |          — |   |     |   |    186,550 |   |
| Trust interest income                                                                                           |     |                                  |  1,784,287 |   |     |   |  3,650,731 |   |
| Unrealized loss on change in fair value of OET derivative liability                                             |     |                                  |   (914,764 | ) |     |   |          — |   |
| Expense recognized on transferring of 2,650,000 Class B ordinary shares from Old Sponsor to New Sponsor         |     |                                  |          — |   |     |   | (2,851,750 | ) |
| Total other income, net                                                                                         |     |                                  |    409,957 |   |     |   |  2,569,531 |   |
| Net (