Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 96

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 96
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, the Company believes that further expansion in the U.S. and Japanese markets through opening additional KBS stores will cover more population, which could, in turn, increase the sales in those markets. 59 To initiate or expand its sales channels in these markets, the Company plans to open KBS Golf Experience stores, either on its own or in collaboration with local partners. In these stores, the Company plans to showcase its full shaft product line and golf accessories in conjunction with personalized club fitting services that KBS Golf Experience stores are already known for. The Company believes that opening stores in new markets and additional stores in the U.S. and Japan will help increase KBS brand awareness and generate additional sales from these markets. With more KBS Golf Experience stores opening worldwide, the Company hopes to diversify its revenue sources from mainly shaft sales to a mix of shaft sales, sales of in -storeand online golf equipment and golf accessories, and revenue from fitting and customization services. Expanding into the PRC and other Global Markets The maturation of the U.S. golf market has prompted international major golf brands to seek new opportunities abroad. The PRC, with its stable economic growth and rising disposable income in the last few decades, has emerged as a battleground for major golf brands. Several factors contribute to the PRC’s burgeoning golf market: • Growing Affluence:As disposable income increases, Chinese consumers’ spending power expands, making golf a more accessible sport for a wider population. • Sporting Success:The impressive performance of Chinese players in international tournaments has fueled domestic interest and enthusiasm for the game. • Policy Support:The inclusion of golf in the “14 thFive -YearPlanning for Sports Competition” by the Chinese government signifies a commitment to promote and popularize the sport, paving the way for significant market growth. The Company also recognizes growth potential of its products in Japan, Korea, and Europe and plans to strategically position itself to capitalize on the potential in PRC as well as in these other regions. The Company’s expertise in manufacturing and brand building makes it a well -suitedcompetitor in this dynamic landscape. Expanding into Graphite Shaft Production Although in recent years the Company has diversified its product offering by launching a variety of graphite shafts, the Company currently does not have its own graphite shaft production line, outsourcing all of its graphite shaft production to a third party. The Company recognizes that developing its own graphite product lines at different price points can potentially result in revenue growth and establishment of reputation as a branded graphite shaft manufacturer, complementing its reputation as a steel