Company: AGCC
Filing Date: 2025-06-03
Form Type: DRS/A
Source: 0001213900-25-050599
Chunk: 201

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-06-03
Form: DRS/A
Chunk 201
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 Class B Ordinary Shares (without dividend rights and no entitlement to distribution of assets upon winding -up), of which 500 Class A and 500 Class B shares were issued and outstanding at a par value of US$1 each. This common control transaction was accounted for at historical carrying amounts, with no change to the combined equity balance. The reorganization was undertaken in preparation for the Company’s planned initial public offering. Retained Earnings Retained earnings are the portion of a company’s net income that is not paid out as dividends but is instead reinvested in the business or held as a reserve for future use. This may include funds set aside for expansion, debt repayment, or other strategic purposes. As of December 31, 2023 and 2024, the balances of retained earnings were US$1,046,525 and US$1,747,875, respectively.

F-22

AGENCIA COMERCIAL SPIRITS LTD NOTES TO THE COMBINED FINANCIAL STATEMENTS FOR THE FINANCIAL YEARS ENDED DECEMBER 31, 2023 AND 2024 12.SHAREHOLDERS’ EQUITY (cont.) Statutory Reserve Under the law of Taiwan, a statutory reserve is a portion of a company’s profits that must be set aside to comply with the Company Act of Taiwan. This reserve is designed to protect creditors and ensure the financial stability of the Company. As of December 31, 2023 and 2024, the balances of statutory reserve were US$23,929 and US$101,857, respectively. Accumulated Other Comprehensive Losses Other comprehensive losses accumulated in the Company’s equity comprise foreign currency adjustments. It represents the cumulative amount of other comprehensive losses which has not been realized, and it is reported within the equity section of the Company’s balance sheet. As of December 31, 2023 and 2024, the balances of accumulated other comprehensive losses were US$29,063 and US$119,131, respectively. 13.COMMITMENTS AND CONTINEGENCIES Lease commitments The Company entered into long -termoperating leases of office premises and warehouses in Taiwan. The Company’s commitment for minimum lease payments under such operating leases as of December 31, 2023 and 2024 were disclosed in Note 9. Contingencies In the ordinary course of business, the Company may be subject to legal proceedings regarding contractual relationships and a variety of liabilities resulting from such claim, when a loss is assessed to be probable,