Company: AGCC
Filing Date: 2025-07-29
Form Type: F-1/A
Source: 0001213900-25-068743
Chunk: 115

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-07-29
Form: F-1/A
Chunk 115
---
 range of business areas, including bottled whisky sales, raw cask whisky sales, and brand authorizations for bottling, packaging, and sales in Taiwan. We plan to grow from our Taiwan base to the entire Asian whisky market, with a particular focus on brand authorizations for bottling, packaging, and sales. According to the Migo’s industry report, the whisky market in Taiwan is experiencing significant growth, with sales increasing by approximately 20% annually, driven by increasing demand for premium and imported spirits. Similarly, the whisky market in China is projected to have an annual growth rate of around 15% through 2025, while the whisky market in Hong Kong has seen sales increase by approximately 10% annually. In October 2024, Hong Kong announced a substantial tariff reduction on spirits, reducing the duty from 100% to 10% on the portion of the import price exceeding HKD200 (approximately US$26). This is expected to have a positive impact on whisky sales. This trend aligns with Operating Subsidiary’s strategy to focus on high -quality, unique products and expand into new international markets. As our Group continues to innovate and expand its product offerings, it is well -positionedto meet the growing demand for premium spirits and capture a significant share of the expanding Asian whisky market. Challenges: Low Entry Barriers:The whisky import and trading market in Taiwan poses relatively low barriers to entry for compliance -mindedentities equipped with sufficient financial resources. This accessibility can lead to increased competition, as more players can enter the market without significant hurdles. Distributor Dependency:The success of a distributor for a whisky brand can be short -lived. Once a brand is successfully introduced, promoted, and established in a new market with established pricing, the brand owner may become less dependent on the distributor’s ongoing efforts. This shift could lead to the termination of the distributorship or an increase in wholesale prices, thereby reducing the distributor’s profit margin. High Working Capital Requirements:High -endwhiskies are expensive, requiring substantial working capital for inventory procurement and meticulous management of inventory and working capital. OUR COMPETITIVE STRENGTHS • Capability to offer a comprehensive one -stop service.We offer a comprehensive one -stopservice that encompasses everything from the procurement of raw materials to packaging and sales, thereby significantly enhancing the customer experience. Our brand partnerships with renowned names such as Robuchon and Ninja allow us to procure raw materials and the engagement with contracted manufacturer processing, distribution, promotion, and sales. To optimize our operations,