Company: AGCC
Filing Date: 2025-06-03
Form Type: DRS/A
Source: 0001213900-25-050599
Chunk: 132

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-06-03
Form: DRS/A
Chunk 132
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 or proposed contract with our company is required to declare the nature of his interest at a meeting of our directors. A director may vote in respect of any contract or proposed contract or arrangement notwithstanding that he may be interested therein and if he does so his vote shall be counted and he may be counted in the quorum at any meeting of the directors at which any such contract or proposed contract or arrangement is considered. A general notice given to the directors by any director to the effect that he is a member or officer of any specified company or firm and is to be regarded as interested in any contract or arrangement with that company or firm or a specified person who is connected with him shall be deemed a sufficient declaration of interest for the purposes of voting on a resolution in respect to a contract or transaction in which he has an interest, provided that no such notice shall be effective unless either it is given at a meeting of the board of directors or the director takes reasonable steps to secure that it is brought up and read at the next board meeting after it is given. None of our directors has a service contract with us that provides for benefits upon termination of service. Committees of the Board of Directors Prior to the completion of this offering, we intend to establish an audit committee, a compensation committee and a nominating and corporate governance committee under the board of directors. We intend to adopt a charter for each of the three committees prior to the completion of this offering. Each committee’s members and functions are described below. Audit Committee.Our audit committee will consist of Mr. Patrick Man Shun Wong, Mr. John Robert Fiore and Ms. Lee Su -Jung, and will be chaired by Mr. Patrick Man Shun Wong. Mr. Patrick Man Shun Wong, Mr. John Robert Fiore and Ms. Lee Su -Ju ngsatisfy the “independence” requirements of Rule 5605(c)(2) of the Listing Rules of the Nasdaq and meet the independence standards under Rule 10A -3under the Securities Exchange Act of 1934, as 92 amended. We have determined that Mr. Patrick Man Shun Wong qualifies as an “audit committee financial expert.” The audit committee will oversee our accounting and financial reporting processes and the audits of the combined financial statements of our company. The audit committee will be responsible for, among other things: •selecting the independent registered public accounting firm and pre -approvingall auditing and non -auditingservices permitted to be performed by the independent registered public accounting firm; •reviewing with the independent registered