Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 199

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 199
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 restricted cash of $131,353 as of June 30, 2024. (4)The loan was guaranteed by restricted cash of $81,537 for the year ended December 31 2022. (5)All the loans were guaranteed by David Chuang, the director of the Group. Interest expenses were $245,566 and $115,986 for the six months ended June 30, 2024 and 2023, respectively. The weighted average interest rates for the six months ended June 30, 2024 and 2023 were 2.19% and 2.18%, respectively. 12.TAXATION The income tax provision consisted of the following components:

|                             |     | For the six months ended 
 June 30,                 
 2024                     
 (Unaudited)              |         |     | 2023        
 (Unaudited) |       |
|:----------------------------|:----|:-------------------------|--------:|:----|:------------|------:|
| Current income tax expenses |     | $                        | 167,450 |     | $           | 5,184 |
| Total income tax expenses   |     | $                        | 167,450 |     | $           | 5,184 |

F-39

FEMCO STEEL TECHNOLOGY CO., LTD.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars, except for share and per share data, or otherwise noted) 12.TAXATION (cont.) A reconciliation between the Group’s actual provision for income taxes and the provision at the parent company’s statutory rate is as follows:

|                                                      |     | For the six months ended 
 June 30,                 
 2024                     
 (Unaudited)              |         |   |     | 2023        
 (Unaudited) |          |    |
|:-----------------------------------------------------|:----|:-------------------------|--------:|:--|:----|:------------|---------:|:---|
| Income (loss) before income taxes                    |     | $                        | 245,067 |   |     | $           | (889,062 | )  |
| Income tax expenses computed at statutory EIT rate   |     |                          |  49,013 |   |     |             | (177,812 | )  |
| Reconciling items:                                   |     |                          |         |   |