Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 74

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4A
Chunk 74
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 reports on Form 8-K upon the occurrence of specified significant events; and                                                 
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  the selective disclosure rules by issuers of material nonpublic  

Notwithstanding these exemptions,
the Group will file with the SEC, within four months after the end of each fiscal year, or such applicable time as required by the
SEC, an annual report on Form 20-F containing financial statements audited by an independent registered public accounting firm.

The Group may take advantage
of these exemptions until such time as the Group is no longer a foreign private issuer. The Group would cease to be a foreign private
issuer at such time as more than 50% of its outstanding voting securities are held by U. S. residents and any of the following three
circumstances applies: (i) the majority of its executive officers or directors are U. S. citizens or residents, (ii) more
than 50% of its assets are located in the United States or (iii) its business is administered principally in the United States.

Both foreign private issuers
and emerging growth companies also are exempt from certain more stringent executive compensation disclosure rules. Thus, even if the Group
no longer qualifies as an emerging growth company, but remains a foreign private issuer, the Group will continue to be exempt from the
more stringent compensation disclosures required of companies that are not an emerging growth company or a foreign private issuer.

In addition, because the Group
qualifies as a foreign private issuer under SEC rules, the Group is permitted to follow the corporate governance practices of Taiwan (the
jurisdiction in which the Group is organized) in lieu of certain Nasdaq corporate governance requirements that would otherwise be applicable
to the Group.

If at any time the Group ceases
to be a foreign private issuer, the Group will take all action necessary to comply with the SEC and Nasdaq Listing Rules.

Key Factors Affecting Operating Results

The Group believes its performance
depends on several factors that present significant opportunities for it but also pose risks and challenges.

Consumer demand and global economic conditions.

Consumer demand for our products
and services may be affected by the performance of the general economy, and is also sensitive to personal discretionary spending levels.
Declines in consumer demand due to adverse general economic conditions, risks affecting or reducing leisure spending, lower consumer confidence
and adverse political conditions can subject and have subjected our revenues to significant volatility.

Proprietary brand value

Compared with the other