Company: FSTWF
Filing Date: 2025-07-22
Form Type: F-1/A
Source: 0001213900-25-066660
Chunk: 89

Company: FST Corp.
Filing Date: 2025-07-22
Form: F-1/A
Chunk 89
---
 and insights from players, to continuously improve on its shaft design and introduce new shaft models. • Shaft Production:This internal production capacity provides substantial control over material costs and production processes, ensuring consistent quality and efficient output. • Global Brand Marketing:Leveraging its KBS brand, the Company has direct access to diverse international markets and all segments of golf -playingclientele, capturing valuable brand profitability that exceeds the typical margins achieved through solely OEM/ODM business models. This integrated approach generates several advantages over other golf shaft manufacturers: • Enhanced Profitability:By operating its own brand, the Company is able to charge brand premiums for its KBS products, which help increase the Company’s gross profit margins as compared to its OEM/ODM peers. • Brand -Driven Growth:The established KBS brand provides the Company with insights to market trends, enabling the Company to quickly identify and capitalize on new market opportunities, further strengthening its competitive position. 56 • Production Flexibility:Ownership of independent production technology and capacity empowers the Company to adapt swiftly to market shifts. This agility allows for resilient allocation of production resources in response to changes in marketing or sales strategies, ensuring efficient operations and rapid response to evolving market dynamics. In essence, the Company’s unique vertically integrated model and established brand presence combine to create a robust competitive advantage, positioning it for sustained growth and profitability within the global golf equipment landscape. Direct Customer Engagement and Strong R&D Capabilities The golf shaft industry has seen increasing competition among manufacturers to launch new products more frequently to meet changing customer preferences. The Company believes that it is well -positionedto capture greater market shares through its close connection with its customer base and its investment in research and development: • Dedicated Efforts to Professional Players:The Company assigns dedicated personnel to each PGA player who uses the Company’s shafts. The dedicated teams attend tournaments and events with the players to gather their feedbacks on the performance of the Company’s products, and record suggestions to improve or customize their shafts. The feedbacks and suggestions gathered from the PGA players are shared with the research and development team, so that the Company’s premium products, which are designed for professional players and golf enthusiasts, can be developed to best suit the needs of the top golf athletes. The Company believes the wider endorsement of its shafts by the top golf athletes will elevate the brand’s prestige, which in turn could lead to more sales to retail customers. • Addressing Retail Demand Through Omni -channel Sales Network:The Company also connects with its retail customers through both online and offline channels. Customers can