v3.26.1
Related party transactions and balances
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related party transactions and balances Related party transactions and balances
Sales to a related party
Name of Related PartyRelationshipNature of
Transactions		For the Three Months Ended
March 31,
20262025
USDUSD
Foremost Worldwide Co., Ltd.An entity under common controlSales$911,157 $735,560 
$911,157 $735,560 
Purchases from related parties
Name of Related PartyRelationshipNature of
Transactions		For the Three Months Ended
March 31,
20262025
USDUSD
Focal Capital Holding LimitedAn entity under common controlPurchases$1,300,986 $1,502,734 
Foremost Worldwide Co., Ltd.An entity under common controlPurchases955,403 1,344,110 
Rizhao Foremost Woodwork Manufacturing Co., Ltd.An entity under common controlPurchases42,288 149,622 
$2,298,677 $2,996,466 
The ending balances of such transactions as of March 31, 2026 and December 31, 2025 are listed of the following:
Prepayments, other receivables and payables — related parties
Name of Related PartyRelationshipNature of
Transactions		As of
March 31,
2026		As of
December 31,
2025
USDUSD
Focal Capital Holding LimitedAn entity under common controlPurchases$2,817,069 $4,118,054 
Foremost Worldwide Co., Ltd.An entity under common controlPurchases11,204,269 9,978,936 
Foremost Home Inc. (“FHI”)An entity under common controlShared services and Miscellaneous expenses2,705,909 3,621,746 
Foremost Worldwide Co., Ltd.An entity under common controlShared services and Miscellaneous expenses(68,608)(370,368)
Focal Capital Holding LimitedAn entity under common controlMiscellaneous expenses250 — 
F.P.Z. Furniture (Cambodia) Co., Ltd.An entity under common controlMiscellaneous expenses— (73,509)
$16,658,889 $17,274,859 
Accounts Payables — related parties
Name of Related PartyAs of
March 31,
2026		As of
December 31,
2025
USDUSD
Rizhao Foremost Woodwork Manufacturing Co., Ltd.$40,144 $49,855 
$40,144 $49,855 
Shared Service and Miscellaneous expenses – related party
FGI Industries is party to the FHI Shared Services Agreement with FHI. Total amounts provided to FHI under the FHI Share Services Agreement were $144,805 and $170,963 for the three months ended March 31, 2026 and 2025, respectively, which were booked under selling and distribution expenses and general and administration expenses.
FGI is party to the Worldwide Shared Services Agreement with Foremost Worldwide. Total amounts provided from Foremost Worldwide under the Worldwide Shared Services Agreement were $74,609 and $60,696 for the three months ended March 31, 2026 and 2025, respectively.
Loan guarantee by a related party
Liang Chou Chen holds approximately 49.91% of the voting control of Foremost, the Company’s majority shareholder, is a guarantor of the loans under the CTBC Credit Line and, together with his wife, Ms. Han Ping Chen, is a guarantor under the Credit Agreement. See Note 8 for details.