Company: AGCC
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026121
Chunk: 3

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 3
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 to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.

i PROSPECTUS SUMMARY The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information and financial statements appearing elsewhere in this prospectus. In addition to this summary, we urge you to read the entire prospectus carefully, especially the risks of investing in our ordinary shares discussed under “Risk Factors” and information contained in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” before deciding whether to buy our ordinary shares. OVERVIEW Our operating subsidiary Agencia Comercial Co., Ltd (“Agencia Taiwan”), was formally registered and established in July 2020, and is committed to offering imported whiskies of world -classquality and excellent services to its clients. Agencia Taiwan has grown rapidly since its inception, leveraging its extensive industry experience, strategic partnerships, and innovative business model to establish itself as a trusted and prominent player in the whisky market. Our mission is to enhance the whisky experience in Taiwan and other Asia -Pacificcountries by offering expert guidance, competitive pricing, and exceptional customer service. The Company operates across three primary business areas: •Bottled Whisky Sales: Sourcing bottled whisky from local suppliers in Taiwan and reputable distilleries in the UK, the company sells these products to bars, restaurants, nightclubs, VIP lounges, and corporate clients. •Raw Cask Whisky Sales: Starting in 2023, the Company expanded into the procurement and sale of raw cask whisky sourced directly from distilleries in the UK. These unprocessed casks are sold directly to other liquor and spirits distributors, enabling the Company to tap into a broader market segment. •Cask -to-bottleand distribution business: Beginning in 2025, the Company ventures into cast -to-bottleand distribution business which involves brand -authorizedwhisky bottling, packaging, and sales. Under this model, it obtains brand licenses, sources raw cask whisky directly from brand owners, and conducts bottling and packaging in Taiwan with the aid of local contract manufacturers. From 2020 to now, our development can be divided into following stages: •Start -upperiod (2020 -2022): During its initial years, the Company primarily focused on bottled whisky sales, following a business -to-business(B2B) model. By sourcing both locally and internationally, Operating Subsidiary developed a network of suppliers and clients. •Growth period (2023