FST Corp.

FST Corp. is an exempted company incorporated with limited liability under the laws of the Cayman Islands on November 24, 2023. The company conducts its operations through its subsidiaries and does not operate directly. FST Corp. was formed solely to effect a business combination. Chenghe, a blank check company incorporated on May 20, 2021, as a Cayman Islands exempted company with limited liability, was established to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. On January 15, 2025, FST Corp. completed a business combination. As part of this transaction, FST Corp. acquired at least 99.34% of all issued and outstanding shares of Femco from its shareholders in exchange for FST Corp. ordinary shares. Additionally, Merger Sub merged with Chenghe, with Chenghe continuing as the surviving entity and a wholly-owned subsidiary of FST Corp., and Chenghe subsequently changed its name to "FST Ltd." The FST Restructuring was completed in 2024, prior to the merger of Merger Sub and Chenghe. FST Corp.'s ordinary shares began trading on the Nasdaq Global Market under the symbol "KBSX" on January 16, 2025. Femco, founded in Taiwan in 1976, is a manufacturer and innovator in the golf industry. Femco commenced golf club shaft manufacturing in 1992 and has since developed a portfolio of golf products, including golf club shafts and other equipment.