Company: AGCC
Filing Date: 2025-10-22
Form Type: 424B4
Source: 0001213900-25-101076
Chunk: 91

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-10-22
Form: 424B4
Chunk 91
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 financing strategy and the specific transactions undertaken in each year. In 2023, we experienced a net cash outflow from financing activities of US$157,258, which was primarily due to repayments of bank borrowings and related party loans. However, in 2024, our financing needs were met through a significant related party loan, resulting in a net cash inflow of US$191,786 from financing activities. This shift from a cash outflow to a cash inflow reflects our strategic decision to obtain additional financing from a related party to support our working capital requirements and ongoing operations in 2024. We have established robust liquidity management processes, including cash flow forecasting, working capital optimization, and proactive inventory management strategies. These measures ensure that we maintain sufficient liquidity to meet our obligations as they come due. We have initiated cost -cuttinginitiatives and operational efficiency improvements to reduce our cash outflows and enhance profitability, thereby improving our operating cash flow generation. We are currently evaluating our business strategy, including potential adjustments to our product mix, pricing strategies, and market focus, to enhance profitability and cash flow generation from our core operations. Please refer to the statements of cash flows in our audited combined financial statements for further details on our cash flow movements during the reported periods.

|                                   |     |     2023 |   |     |     2024 |   |
|                                   |     |      US$ |   |     |      US$ |   |
| Cash flows provided by (used in): |     |          |   |     |          |   |
| – Operating activities            |     | (274,522 | ) |     | (236,837 | ) |
| – Investing activity              |     |  494,042 |   |     |        — |   |
| – Financing activities            |     | (157,258 | ) |     |  191,786 |   |
| Net increase (decrease) in cash   |     |   62,262 |   |     |  (45,051 | ) |

liquidity and capital resources We have not engaged in any significant equity transactions since our initial incorporation and issuance of share capital. Our operations have been primarily funded through internally generated cash flows from our whisky trading business activities and borrowings from related parties. As of December 31, 2024, our cash and cash equivalents balance were US$54,752, a decrease of 57% from US$126,287 in 2023. The