Company: AGCC
Filing Date: 2025-07-10
Form Type: F-1
Source: 0001213900-25-062654
Chunk: 154

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-07-10
Form: F-1
Chunk 154
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eringamended and restated memorandum and articles of association may discourage, delay or prevent a change of control of our company or management that shareholders may consider favorable, including provisions that: •authorize our board of directors to issue preference shares in one or more series and to designate the price, rights, preferences, privileges and restrictions of such preference shares without any further vote or action by our shareholders; and •limit the ability of shareholders to requisition and convene general meetings of shareholders. 105 Furthermore, our authorized, but unissued Class A Ordinary Shares and Class B Ordinary Shares are available for future issuance without shareholders’ approval and could be utilized for a variety of corporate purposes, including future offerings to raise additional capital, acquisitions and employee benefit plans. The existence of authorized but unissued Class B Ordinary Shares could render more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise. The disparate voting rights between the Class A Ordinary Shares and Class B Ordinary Shares may have anti -takeovereffects preventing a change in control transaction that shareholders might consider in their best interest. The future issuances of Class B Ordinary Shares may be dilutive to Class A shareholders. However, under Cayman Islands law, our directors may only exercise the rights and powers granted to them under our post -offeringamended and restated memorandum and articles of association for a proper purpose and for what they believe in good faith to be in the best interests of our company. Exempted Company.We are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary company except that an exempted company: •does not have to file an annual return of its shareholders with the Registrar of Companies; •is not required to open its register of members for inspection; •does not have to hold an annual general meeting; •may issue shares with no par value; •may obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for 20 years in the first instance); •may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands; •may register as an exempted limited duration company; and •may register as a segregated portfolio company. “Limited liability”