Company: AGCC
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026121
Chunk: 5

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 5
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 expertise and successful track record OUR GROWTH STRATEGIES We aim to execute the following business strategies: •Expand our product offerings through new strategic collaborations with renowned whisky brands •Deepen our relationships with our existing customers and establish new client relationships •Promote whisky consumption culture and broaden our sales channels •Expand the geographic coverage of our markets, in particular Asia -Pacific •Attract, develop, train, and retain highly skilled professionals CORPORATE STRUCTURE Our Corporate Structure The following diagram sets forth our corporate structure immediately prior to the initial offering following the completion of the Reorganization: ____________ (1)Ping Shiang Business Ltd is a limited liability company incorporated under the laws of the British Virgin Islands which is owned as to 82% by Mr.Tsai Yi Yang, our Chairman and Chief Executive Officer and 18% by Ms. Lee Li Mei, the mother of Mr.Tsai Yi Yang. 2 Corporate History and Structure We were incorporated on March7, 2025 in the Cayman Islands under the name “Agencia Comercial Spirits Ltd”. Pursuant to the Reorganization, Agencia Comercial Spirits Ltd will become the holding company of Agencia Comercial Co., Ltd with no business operations of our own and a substantial portion of our assets are located in Taiwan. We conduct all of our operations through our direct wholly owned subsidiary, Ping Shiang Holding Ltd in the British Virgin Islands (“BVI”) and an indirect wholly owned subsidiary, namely Agencia Comercial Co., Ltd in Taiwan, among which Agencia Comercial Spirits Ltd holds the equity interests in its Taiwan operating subsidiary through its subsidiary incorporated in the BVI. As a result, our ability to pay dividends and to service any debt we may incur overseas largely depends upon dividends paid by our subsidiaries. If our subsidiaries incur debt on their own behalf in the future, the instruments governing their debt may restrict their ability to pay dividends to us. 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