Company: AGCC
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026121
Chunk: 15

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 15
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 described in clause (a), (b) or (c) above is to be settled by delivery of shares of our capital stock or such other securities, in cash or otherwise. See “Underwriting” for more information. |

11 RISK FACTORS Investing in the ordinary shares involves a high degree of risk. You should carefully consider the following risks, as well as other information contained in this prospectus, before making an investment in our Company . The risks discussed below could materially and adversely affect our business, prospects, financial condition, results of operations, cash flows, ability to pay dividends and the trading price of our ordinary shares. We may face additional risks and uncertainties aside from the ones mentioned below. There may be risks and uncertainties that we are unaware of, or that we currently do not consider material, that may become important factors that adversely affect our business in the future. Any of the following risks and uncertainties could have a material adverse effect on our business, financial condition, results of operations and ability to pay dividends. In such case, the market prices of the ordinary shares could decline and you may lose part or all of your investment. RISKS RELATED TO OUR BUSINESS AND INDUSTRY A decrease in consumer demand for alcoholic beverages could significantly 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