Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 166

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 166
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 December 31, 2024 and 2023                                                |     | F-4  |
| Consolidated Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2024 and 2023 |     | F-6  |
| Consolidated Statements of Changes in Shareholders’ Equity for the Years Ended December 31, 2024 and 2023   |     | F-7  |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023                        |     | F-8  |
| Notes to Consolidated Financial Statements                                                                  |     | F-10 |

FST LTD. (formerly Chenghe Acquisition I Co.)

| Financial Statements as of and for the years ended December 31, 2024 and 2023                     |     | Page |
|:--------------------------------------------------------------------------------------------------|:----|:-----|
| Report of Independent Registered Public Accounting Firm (Marcum Asia CPAs LLP, PCAOB ID No. 5395) |     | F-36 |
| Balance Sheets                                                                                    |     | F-37 |
| Statements of Operations                                                                          |     | F-38 |
| Statements of Changes in Shareholders’ Deficit                                                    |     | F-39 |
| Statements of Cash Flows                                                                          |     | F-40 |
| Notes to Financial Statements                                                                     |     | F-41 |

F-1 Report of Independent Registered Public Accounting Firm To the Shareholders and Board of Directors
FST Corp.: Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated balance sheet of FST Corp. and subsidiaries (the Company) as of December 31, 2024, the related consolidated statements of operations and comprehensive loss, changes in shareholders’ equity, and cash flows for the year ended December 31, 2024, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year ended December 31, 2024, in conformity with U.S. generally accepted accounting principles. Basis for Opinion These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required