Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 167

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 167
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 |          |    (40,864 | ) |     |               |          — |   |     |               |          — |   |
| Net loss                                     |     |               — |     |        |          — |     |            |         — |     |           |         — |     |          | (2,235,959 | ) |     |               |          — |   |     |               | (2,235,959 | ) |
| Cash dividend distribution                   |     |               — |     |        |          — |     |            |         — |     |           |         — |     |          | (2,715,297 | ) |     |               |          — |   |     |               | (2,715,297 | ) |
| Remeasurement of defined benefit obligations |     |               — |     |        |          — |     |            |         — |     |           |         — |     |          |    (19,552 | ) |     |               |          — |   |     |               |    (19,552 | ) |
| Foreign currency translation adjustment      |     |               — |     |        |          — |     |            |         — |     |           |         — |     |          |          — |   |     |               |    (26,625 | ) |     |               |    (26,625 | ) |
| Balance as of December 31, 2023              |     |      54,554,395 |     | $      | 17,951,198 |     | $          | 4,443,095 |     | $         | 3,153,779 |     | $        |  3,088,166 |   |     | $             | (1,212,173 | ) |     | $             | 27,424,065 |   |

The accompanying notes are an integral part of these consolidated financial statements.

F-5

FEMCO STEEL TECHNOLOGY CO., LTD.
CONSOLIDATED STATEMENTS OF CASH FLOWS (In U.S. dollars)

| CASH FLOWS FROM OPERATING ACTIVITIES:                                             |     | For the Years Ended 
 December 31,        
 2023                |             |   |     | 2022 |             |   |
|:----------------------------------------------------------------------------------|:----|:--------------------|------------:|:--|:----|:-----