Company: AGCC
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026121
Chunk: 185

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 185
---
,007 |
| Ms. Lee Li-Mei                      |     | Shareholder of the Company                                       |     | Rent paid                      |     |                       — |     |   5,920 |
| 芳華株式会社                              |     | Common UBO                                                       |     | Prepayment for a trademark     |     |                       — |     |  48,000 |

These transactions were made in normal course of business.

F-20 AGENCIA COMERCIAL CO., LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEARS ENDED DECEMBER 31, 2023 AND 2024 12.SHAREHOLDERS’ EQUITY Ordinary Shares The Company was incorporated in Taiwan on 7 July 2020. At the time of incorporation, 5,000,000 ordinary shares were issued to the founder members, at NTD1 per share, approximately equal to US$0.0339 per share. As of December 31, 2023 and 2024, the balance of ordinary shares was US$169,600. Retained Earnings Retained earnings are the portion of a company’s net income that is not paid out as dividends but is instead reinvested in the business or held as a reserve for future use. This may include funds set aside for expansion, debt repayment, or other strategic purposes. As of December 31, 2023 and 2024, the balances of retained earnings were US$1,046,525 and US$1,747,875, respectively. Statutory Reserve Under the law of Taiwan, a statutory reserve is a portion of a company’s profits that must be set aside to comply with the Company Act of Taiwan. This reserve is designed to protect creditors and ensure the financial stability of the Company. As of December 31, 2023 and 2024, the balances of statutory reserve were US$23,929 and US$101,857, respectively. Accumulated Other Comprehensive Losses Other comprehensive losses accumulated in the Company’s equity comprise foreign currency adjustments. It represents the cumulative amount of other comprehensive losses which has not been realized, and it is reported within the equity section of the Company’s balance sheet. As of December 31, 2023 and 2024, the balances of accumulated other comprehensive losses were US$29,063 and US$119,131, respectively. 13.COMMITMENTS AND CONTINEGENCIES Lease commitments The Company entered into long -