Company: FSTWF
Filing Date: 2025-07-08
Form Type: F-1/A
Source: 0001213900-25-061884
Chunk: 192

Company: FST Corp.
Filing Date: 2025-07-08
Form: F-1/A
Chunk 192
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 (11,916,419 | ) |     |   | (11,692,833 | ) |
| Less: Impairment of property, plant and equipment |     |                    |    (181,919 | ) |     |   |    (194,812 | ) |
| Property, plant and equipment, net                |     | $                  |  19,521,672 |   |     | $ |  18,195,534 |   |

____________ (1)On July 11, 2023, the Group entered an agreement with Chiayi Sports Equipment Co., Ltd to acquire its land and buildings with the total area of 10,069square meters, and the consideration of TWD 296,000,000(approximately $ 9,666,884), including tax of TWD 415,000(approximately $ 14,729). The land was freehold land with no depreciation recognized. Depreciation expenses were $ 1,575,828and $ 1,468,548for the years ended December 31, 2024 and 2023, respectively.

F-23

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

7. INTANGIBLE ASSETS, NET

|                                |     | As of December 31, |       2024 |   |     |   |       2023 |   |
|:-------------------------------|:----|:-------------------|-----------:|:--|:----|:--|-----------:|:--|
| Trade mark                     |     | $                  |  6,500,000 |   |     | $ |  6,500,000 |   |
| Software                       |     |                    |    984,174 |   |     |   |    854,975 |   |
| Intangible assets, gross       |     |                    |  7,484,174 |   |     |   |  7,354,975 |   |
| Less: accumulated amortization |     |                    | (2,345,737 | ) |     |   | (2,023,632 | ) |
| Intangible assets, net         |     | $                  |  5,138,437 |   |     | $ |  5,331,343 |   |

Amortization