Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 190

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 190
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                    | 15,883,839 |   |     |   | 16,105,766 |   |
| Inventory valuation allowance |     |                    | (1,352,998 | ) |     |   |   (900,142 | ) |
| Inventories, net              |     | $                  | 14,530,841 |   |     | $ | 15,205,624 |   |

F-22

FST Corp.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(In U.S. dollars, except for share and per share data, or otherwise noted) 4.INVENTORIES, NET (cont.)

The changes in inventory valuation allowance are as follows:

|                                      |     | For the Years Ended 
 December 31,        |      2024 |   |     |   |    2023 |
|:-------------------------------------|:----|:--------------------|----------:|:--|:----|:--|--------:|
| Balance at the beginning of the year |     | $                   |   900,142 |   |     | $ | 704,802 |
| Additions                            |     |                     |   494,204 |   |     |   | 192,768 |
| Exchange rate difference             |     |                     |   (41,348 | ) |     |   |   2,572 |
| Balance at the end of the year       |     | $                   | 1,352,998 |   |     | $ | 900,142 |

5.PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepayments and other current assets consisted of the following:

|                           |     | As of December 31, 
 2024               |           |     | 2023          
 (As Restated) |           |
|:--------------------------|:----|:-------------------|----------:|:----|:--------------|----------:|
| Prepaid expense           |     | $                  |   822,924 |     | $             |   627,642 |
| Sales tax refundable      |     |                    |   311,177 |     |               |   235,892 |
| Prepayments for inventory |     |                    |    62,171 |     |               |    81,307 |
| Deposit                   |     |                    |     7,579 |     |               |    74,428 |
| Others