Company: AGCC
Filing Date: 2025-09-04
Form Type: F-1/A
Source: 0001213900-25-084516
Chunk: 14

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-09-04
Form: F-1/A
Chunk 14
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, the information contained herein may be different than the information you receive from other public companies in which you hold equity securities. IMPLICATIONS OF BEING A CONTROLLED COMPANY We are, and will continue to be, a “controlled company” within the meaning of the applicable rules of the Nasdaq because our Controlling Shareholders, through Ping Shiang Business Ltd, beneficially own 14,500,000 Class A Ordinary Shares, approximately 81.17% of our outstanding Class A Ordinary Shares and 14,500,000 Class B Ordinary Shares, representing 97.93%, of the aggregate total voting power of our total issued and outstanding share capital as of the date of this prospectus, and immediately following the completion of this offering will beneficially own 14,500,000 Class A Ordinary Shares, approximately 73.93% of our outstanding Class A Ordinary Shares (or 72.95% of our outstanding Class A Ordinary Shares assuming the underwriters exercise their over -allotmentoption in full) and 14,500,000 Class B Ordinary Shares, representing 96.89% (or 96.74%, assuming the underwriters exercise their over -allotmentoption in full) of the aggregate total voting power of our then total issued and outstanding share capital. In addition, because of the ten -to-onevoting ratio between our Class B and Class A Ordinary Shares, the Controlling Shareholders will have the ability to determine all matters requiring approval by shareholders, and that the concentrated control may limit or preclude your ability to influence corporate matters for the foreseeable future, including the election of directors, amendments of our organizational documents and any merger, consolidation, sale of all or substantially all of our assets or other major corporate transactions requiring shareholder approval. See “Principal Shareholders” and “Risk Factors — We are a “controlled company” within the meaning of the Nasdaq listing rules, and may follow certain exemptions from certain corporate governance requirements that could adversely affect our public shareholders”. As a result, we will be deemed a “controlled company” for the purpose of the Nasdaq listing rules. As a “controlled company,” we are permitted to elect not to comply with certain corporate governance requirements. If we rely on these exemptions, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. Currently, we do not plan to utilize the exemptions available for controlled company after we complete this offering but may rely on the exemption available for foreign private issuers to follow our home country