Company: FSTWF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044386
Chunk: 91

Company: FST Corp.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 91
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 —      (1,885      (1) (2,800  
  Trust interest income                                                      1,784                   —      (1,784           (2) -  
  Total other income, net                                                    409                   865      (3,669          (2,395  
  LOSS BEFORE INCOME TAX EXPENSE                                             (3,318             (2,779      (3,669          (9,766  
  INCOME TAX EXPENSE                                                         —                     456      -                  456  
  NET LOSS                                                                   (3,318             (3,235      (3,669         (10,222  
  Less: net loss attributable to non-controlling interests                   —                       —      —                    —  
  Net loss attributable to the Company’s shareholders                        (3,318             (3,235      (3,669         (10,222  
  Weighted average shares outstanding of ordinary shares                     —              37,749,381      —           44,766,003  
  Weighted average shares outstanding of redeemable ordinary shares          3,871,740               —      —                    —  
  Basic and diluted net loss per ordinary share                              (0.47               (0.09      —                (0.23  
  Weighted average shares outstanding of non-redeemable ordinary shares      3,250,000               —      —                    —  
  Basic and diluted net loss per Non-redeemable ordinary shares              (0.47                   —      —                    —  

F-59

Adjustments to Unaudited Pro Forma Combined
Consolidated Statement of Operations

The Transaction Accounting
Adjustments to the unaudited combined consolidated pro forma statements of operations consist of the following:

  (1)      Reflects the change in fair value of OET derivative liability                                                                        
           between December 31, 2024 and January 15, 2025, detail please refer to Note 6 of financial statements of Chenghe Acquisition I Co..  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  (2)      Represents an adjustment to eliminate trust interest income. Given                                                                

Net loss per share

The unaudited pro forma combined
consolidated basic and diluted earnings per share calculations are based on the sum of the historical SPAC weighted average number of
redeemable shares outstanding of 1,779,813, converted SPAC public shares of