Company: AGCC
Filing Date: 2025-06-03
Form Type: DRS/A
Source: 0001213900-25-050599
Chunk: 9

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-06-03
Form: DRS/A
Chunk 9
---
 which Agencia Comercial Co., Ltd was wholly -ownedby Ping Shiang Holding Ltd. Further on May27, 2025, Agencia Comercial Spirits Ltd acquired the entire issued share capital of Ping Shiang Holding Ltd, following which Ping Shiang Holding Ltd was wholly -ownedby Agencia Comercial Spirits Ltd. 4 Following the above acquisitions, Ping Shiang Business Ltd became the sole shareholder of Agencia Comercial Spirits Ltd, which in turn wholly owns Ping Shiang Holding Ltd, and indirectly wholly -ownsAgencia Comercial Co., Ltd. On May28, 2025, Agencia Comercial Spirits Ltd allotted and issued an aggregate of 116 Class A Ordinary Shares to four investors (together the “Other Shareholders”), all of whom are independent from our Group. Agencia Cayman is not prohibited under the laws of the Cayman Islands to provide funding to our subsidiaries through capital contributions or loans, and there are currently no restrictions on transferring funds between our Cayman Islands holding company and subsidiaries in the BVI and Taiwan. Our ability to make loans and additional capital contribution to our BVI and Taiwan subsidiaries might be restricted by BVI and Taiwan laws and regulations. In the normal course of our business, Agencia Cayman would evaluate the financial condition and capital needs of our subsidiaries periodically and then provide funding for their operations via equity investments and intercompany loans. No transfer of cash or other types of asset transfers has been made between our Cayman Islands holding company and subsidiaries as of the date of this prospectus. Under Taiwan laws and regulations, there are no restrictions on providing funding to Agencia Cayman through dividend distribution except for the withholding tax. Pursuant to the Taiwan Income Tax Act, a withholding tax rate of up to 21% will be applicable to dividends payable by Taiwanese companies to non -Taiwan -residententerprises. As of the date of this prospectus, we did not adopt any specific cash management policies and procedures in relation to how funds are transferred within/through our Group. Our management monitors the cash position of each entity within our Group regularly on a monthly basis. In the event that there is a need for cash or a potential short -termcashflow shortage, it would be reported to our chief financial officer and, subject to the approval by our board of directors, we will enter into an intercompany loan arrangement for relevant subsidiary. Other than the above, we did not adopt or maintain any cash management policies and procedures as of the date of this prospectus. Our Board of Directors has