Company: AGCC
Filing Date: 2025-07-29
Form Type: F-1/A
Source: 0001213900-25-068743
Chunk: 26

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-07-29
Form: F-1/A
Chunk 26
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 and negatively impact our business, operations, and financial performance. Our performance depends on consumers’ demand for our products. Various factors can cause shifts in consumer preferences, such as: •Changes in demographic or social trends •Fluctuations in discretionary income •Inflation -drivenprice changes in consumer products •Evolving laws, regulations, and public health policies •Altered leisure, dining, and beverage consumption patterns To succeed, we must anticipate and effectively respond to these shifts. If consumer preferences move away from our products, our operations and financial results would be materially and adversely affected. Factors that may reduce consumer demand for alcoholic beverages include: •Economic or geopolitical downturns affecting discretionary income •Declining on -premiseconsumption due to public health policies like smoking bans, stricter DUI laws, and COVID -19response measures •Generational or demographic shifts towards alternatives such as hard seltzer, lower -caloriealcoholic beverages, and non -alcoholicoptions like soft drinks, sports drinks, and water •Increased anti -alcoholactivism and negative perceptions of alcohol consumption •Health concerns related to alcoholic beverage consumption •Adverse legal and regulatory changes, like higher taxes or duties on alcohol imports or sales Our luxury alcoholic beverage portfolio is especially vulnerable to changing economic conditions and consumer tastes, spending habits, and preferences. This could reduce sales and profitability. Unanticipated changes in demand or preference could also impair our ability to forecast production needs and adapt to shifting consumer preferences, further negatively affecting our business, operations, and financial results. We face significant competition from an increasing number of products and market participants, which could materially and adversely affect our business, results of operations, and financial condition. Our whisky products face competition from a wide array of both domestic and international premium whiskies, as well as from more affordably priced generic options. Additionally, they compete against other alcoholic beverages and, to a lesser extent, non -alcoholicalternatives for consumer acceptance, brand loyalty, and visibility in retail environments and restaurant alcohol lists. Marketing attention from our distributors, many of whom maintain extensive 16 portfolios of spirits and other beverages, further intensifies this competition. We strive to differentiate ourselves based on product taste and quality, brand image, pricing, service, and our capacity for innovation in response to evolving consumer preferences. This competitive landscape is shaped by both established players and new entrants, many of whom possess more substantial financial, technical, marketing, and distribution capabilities, as well as superior public relations resources. Consequently, we have experienced, and may continue to