Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 58

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 58
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 U. S. market was managed by a distributor controlled by our chairman, which also owned
the trademarks of KBS brand. In 2016, to consolidate the business of the Company, the distributor transferred all registered KBS brand
trademarks to the Company, and the Company purchased the inventories of KBS products and work capital held by such distributor for approximately
U. S.$3.6 million. In 2017, the Company agreed to pay to the distributor U. S.$6.5 million for the KBS brand trademarks transferred
to the Company.

The Company has submitted trademark applications to further bolster
these rights and enhance its ability to defend against third parties. Moreover, the Company secures its proprietary rights through agreements
with business partners, supply chain vendors, employees, and consultants, alongside vigilant monitoring of industry trends and product
developments.

As of December 31, 2024, the Company owns the following trademarks
worldwide:

  No.      Registration No.      Country      Class      Status       Expiration  
                                                                      Date        
  17.                     —      U. S         —          Pending      —           
 ──────────────────────────────────────────────────────────────────────────────────
   1.               5061066      U. S.        —          Valid        2026/10/11  
   2.               5392399      U. S         —          Valid        2028/01/30  
   3.               4827173      U. S         —          Valid        2025/10/06  
   4.               4617537      U. S         —          Valid        2024/10/07  
   5.               4070642      U. S         —          Valid        2031/12/13  
   6.               4070640      U. S         —          Valid        2031/12/13  
   7.               3395741      U. S         —          Valid        2028/03/11  
   8.               5299259      U. S         —          Valid        2027/10/03  
   9.               5365863      U. S         —          Valid        2027/12/26  
  10.               5617390      U. S         —          Valid        2028/11/27  
  11.