Company: AGCC
Filing Date: 2025-07-10
Form Type: F-1
Source: 0001213900-25-062654
Chunk: 200

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-07-10
Form: F-1
Chunk 200
---
1,741 | ) |
| Non-cash investing and financing activities                          |     |                               |   |     |          |   |
| ROU assets obtained in exchange for operating lease liabilities      |     |                        52,484 |   |     |   63,379 |   |

The accompanying Accounting Policies and Explanatory Notes form an integral part of, and should be read in conjunction with, these combined financial statements.

F-6

AGENCIA COMERCIAL SPIRITS LTD NOTES TO THE COMBINED FINANCIAL STATEMENTS FOR THE FINANCIAL YEARS ENDED DECEMBER 31, 2023 AND 2024 1.ORGANIZATION AND PRINCIPAL ACTIVITIES Agencia Comercial Spirits Ltd (“Agencia Cayman”) was incorporated as an exempted company under the laws of the Cayman Islands on March7, 2025. Agencia Cayman and its subsidiaries (collectively the “Company”) engaged in trading and wholesale of whisky, encompassing the procurement, distribution, and sale of whisky products in both Taiwan and international markets. In connection with its initial public offering, the Company undertook a reorganization of its legal structure (the “Reorganization”). The Reorganization involved: (1) the incorporation of Agencia Cayman, a Cayman Islands holding company; (2) reorganized Ping Shiang Holding Ltd (“Ping Shiang Holding”), incorporated in BVI on January21, 2025, as wholly owned subsidiaries of Agencia Cayman on May27, 2025; (3) On May23, 2025, Ping Shiang Holding completed an acquisition of Agencia Taiwan through the shares transfer. Upon completion, Ping Shiang Holding holds 100% equity interest in Agencia Taiwan. Immediately before and after the reorganization, the controlling shareholders, Mr.Tsai Yi Yang and Ms. Lee Li Mei (together the “Controlling Shareholders”), controlled Agencia Cayman; therefore, for accounting purposes, the reorganization is accounted for as a transaction of entities under common control. Accordingly, the accompanying combined financial statements have been prepared as if the current corporate structure had been in existence throughout the financial years presented. During the reporting periods, Agencia Cayman has two subsidiaries. Details of its subsidiaries are set out below:

2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying combined financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S