Company: AGCC
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026121
Chunk: 179

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 179
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 net income attributable to the holders of ordinary shares by the weighted average number of ordinary shares outstanding during period presented. Diluted earnings per share is calculated by dividing net income attributable to the holders of ordinary shares as adjusted for the effect of dilutive ordinary share equivalents, if any, by the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during the period. Comprehensive income Comprehensive income consists of two components, net income and other comprehensive income/(loss). Other comprehensive income/(loss) refers to income, expenses, gains /(losses) that under U.S. GAAP are recorded as an element of shareholders’ equity but are excluded from net income. Other comprehensive income/(loss) consists of foreign currency translation adjustments resulting from the Company not using USD as its functional currency. Concentration of risks Concentration of credit risk Financial instruments that potentially expose the Company to concentration of credit risk consist primarily of account receivables. The Company conducts credit evaluations of its customers, and generally does not require collateral or other security from them. The Company evaluates its collection experience and long outstanding balances to determine the need for an allowance for doubtful accounts. The Company conducts periodic reviews of financial conditions and payment practices of its customers to minimize collection risk on account receivables. Concentration of customers The Company has two customers accounted for 10% or more of sales for the financial years ended December 31, 2023 and 2024:

|            |     | For the financial years ended 
                  December 31, |   |     |       |   |
|            |     |                          2023 |   |     |  2024 |   |
| Customer A |     |                         74.69 | % |     | 41.42 | % |
| Customer B |     |                         13.93 | % |     | 17.68 | % |

F-12

AGENCIA COMERCIAL CO., LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEARS ENDED DECEMBER 31, 2023 AND 2024 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) The Company has the following customers accounted for 10% or more of account receivables as of December 31, 2023 and 2024:

|            |     | As of December 31, |   |     |       |   |
|            |     |               2023 |   |     |  2024 |   |
| Customer