Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 106

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 106
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 of any design or confidential information that the Company transmits to the supplier when making orders. The Company periodically reviews its relationship with its graphite shafts supplier, and is actively exploring other manufacturers to diversify supply. If there is any production disruption, work stoppage, strike, production delay, or if there is any breach to the non -disclosureagreement, any improper use, disclosure, theft, appropriation of the Company’s intellectual property, the business, financial condition, results of operation and prospects of the Company could be materially and adversely affected. 68 Supplier Stability and Diversification The Company maintains long -termrelationships with most suppliers, fostering strong partnerships. The Company does not utilize formal long -termcontracts; its established connections ensure reliable supply. Additionally, for key inputs such as electroplating, the Company maintains multiple qualified supplier options, mitigating potential disruptions. Sales and Marketing Leveraging Taiwan’s exceptional manufacturing capabilities and cost advantages, the Company’s “KBS” brand has gained significant recognition in the U.S. golf industry. Consequently, the Company has evolved from being an OEM for international brands to becoming a seller of high -endshafts for private branded golf clubs and branded golf club heads. In parallel, under its private brand, KBS, the Company has engaged in OEM contracts for carbon fiber clubs, expanding its product lines to encompass both iron clubs and carbon fiber clubs. This comprehensive approach addresses customers’ preferences for one -stopshopping, significantly enhancing the Company’s and brands’ capabilities to accept orders and negotiate. The Company’s proactively develops and promotes its private brand, “KBS”. In 2008, the Company launched its popular KBS Tour shaft series. The KBS Tour and subsequent KBS C -Tapersteel shaft series introduced in 2011 had since then been extensively adopted by professional golfers. Starting in 2017, the Company further launched the KBS Tour Hybrid and TGI graphite series successively, further upgrading KBS brand awareness by expanding its product portfolio into graphite shafts for the first time, resulting in an increase in the adoption of KBS shafts by international golf club brands. The launch in 2020 of the TD Driver graphite shafts series further complemented the Company’s product line and was well received by the market. In recent years, the Company has further strengthened its presence by establishing KBS brand flagship brick -and -mortarstores — the KBS Golf Experience stores — in the two major golf markets of U.S. and Japan. These stores offer golf club