Business Context and Reporting Period
This Form 6-K filing by FST Corp., a Cayman Islands exempted company, covers the month of October 2025. The report details a change in the Company's independent registered public accounting firm, effective October 28, 2025.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and accounting firm transitions.
Material Changes
- Termination of Auditor: KPMG Taiwan was dismissed as the independent registered public accounting firm on October 28, 2025, after serving for the fiscal year ended December 31, 2024.
- Appointment of New Auditor: Enrome LLP was appointed as the new independent registered public accounting firm for the fiscal year ending December 31, 2025, subject to client acceptance procedures.
- Historical Disagreements: There were no disagreements with KPMG Taiwan regarding accounting principles or audit scope. However, KPMG advised the Company of material weaknesses in internal controls related to financial reporting.
Outlook, Risks, and Management Commentary
Material Weaknesses Identified: The Company disclosed errors in financial reporting for the year ended December 31, 2023, concerning the recognition of deferred income taxes and initial offering process expenses. These errors stemmed from:
- Insufficient allocation of resources in the financial reporting process.
- A lack of appropriately skilled resources with experience in US GAAP.
Corrective Measures: Management has implemented the following actions to address these deficiencies:
- Strengthening in-service training for finance personnel on U.S. GAAP.
- Engaging external professional consultants to clarify deferred tax recognition and optimize reconciliation processes.
- Restructuring period-end closing processes with multi-level review checkpoints.
Future Monitoring: The Company expects to continue monitoring the effectiveness of these measures until internal controls effectively prevent and detect errors.
Investor Verification Checklist
- Verify the status of the client acceptance and engagement procedures for Enrome LLP.
- Review the letter from KPMG Taiwan (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the termination.
- Monitor upcoming financial reports for evidence that the corrective measures regarding US GAAP compliance and internal controls are effective.
- Confirm that no further material weaknesses or reporting errors have been identified since the October 2025 disclosure.