Company: AGCC
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026121
Chunk: 149

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 149
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 special tax rules: •the excess distribution or gain will be allocated ratably over your holding period for the ordinary shares; •amounts allocated to the current taxable year and any taxable years in your holding period prior to the first taxable year in which we are classified as a PFIC (a “pre -PFICyear”) will be taxable as ordinary income; and •amounts allocated to each prior taxable year, other than the current taxable year or a pre -PFICyear, will be subject to tax at the highest tax rate in effect applicable to you for that year, and such amounts will be increased by an additional tax equal to interest on the resulting tax deemed deferred with respect to such years. If we are classified as a PFIC for any taxable year during which you hold our ordinary shares and any of our non -U.S. subsidiaries is also a PFIC, you will be treated as owning a proportionate amount (by value) of the shares of each such non -U.S. subsidiary classified as a PFIC for purposes of the application of these rules. 103 Alternatively, a U.S. Holder of “marketable stock” (as defined below) in a PFIC may make a mark -to -marketelection for such stock of a PFIC to elect out of the tax treatment discussed in the two preceding paragraphs. If you make a valid mark -to -marketelection for the ordinary shares, you will include in income each year an amount equal to the excess, if any, of the fair market value of the ordinary shares as of the close of your taxable year over your adjusted basis in such ordinary shares. You will be allowed a deduction for the excess, if any, of the adjusted basis of the ordinary shares over their fair market value as of the close of the taxable year. However, deductions will be allowable only to the extent of any net mark -to -marketgains on the ordinary shares included in your income for prior taxable years. Amounts included in your income under a mark -to -marketelection, as well as gain on the actual sale or other disposition of the ordinary shares, will be treated as ordinary income. Ordinary loss treatment will also apply to the deductible portion of any mark -to -marketloss on the ordinary shares, as well as to any loss realized on the actual sale or disposition of the ordinary shares, to the extent that the amount of such loss does not exceed the net mark -to -marketgains previously included for such ordinary shares. Your basis in the