Company: AGCC
Filing Date: 2025-07-10
Form Type: F-1
Source: 0001213900-25-062654
Chunk: 107

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-07-10
Form: F-1
Chunk 107
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 including Sir Edward’s (UK), Maison Castel and Yebisu          |
| Company D |     | Distributor |     | Resells foreign alcoholic beverages including Isle of Raasay (UK), Lauders (UK) and Ohshukubai     |
| Company E |     | Distributor |     | Resells a wide range of local and foreign brands of alcoholic beverages, including Scotch whiskies |

72

| Name      |     | Type                   |     | Description                                                                                        |
| Company F |     | Distributor            |     | Resells foreign alcoholic beverages including Hayman (UK), Admiral Rodney (UK) and Citadelle       |
| Company G |     | Distributor & retailer |     | Resells many foreign alcoholic beverage brands, mainly Scotch whiskies                             |
| Company H |     | Distributor            |     | Resells foreign alcoholic beverages, including Fuller’s (UK), A.D. Rattray (UK), and Anchor        |
| Company I |     | Distributor            |     | Resells a wide range of local and foreign brands of alcoholic beverages, including Scotch whiskies |
| Company J |     | Distributor & Exporter |     | Provides multiple spirits related services, has offices in Taiwan and UK                           |
| Company K |     | Distributor            |     | Resells foreign alcoholic beverages, including many Scotch whisky brands, i.e., Dalmore            |

____________ Source: Migo According to the data from the International Trade Administration, Ministry of Economic Affairs in 2024, Taiwan imported over US$570million worth of Scotch whisky. Taiwan’s whisky market has established itself as a significant buyer, particularly renowned for its appreciation of high -endsingle malts. Notably, Taiwan is the only market where the consumption of single malt Scotch whisky is nearly equal to that of blended whisky, with a product breakdown ratio of 45% to 55%. In terms of imported volume, the United States ranks as the third largest supplier of whisky to Taiwan, accounting for just 2% of the market significantly behind the United Kingdom (primarily Scotland) at 92% and Japan at 4%. Market Size of Whisky Sales in Taiwan According to Migo, the Taiwan whisky market has shown significant growth from 2019 to 2024, starting at approximately US$930 million in 2019. Despite a slight dip in 2020 due to COVID -19, the market rebounded to around US$1 billion in 2021, driven by a recovery in