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FORM20-F ANNUAL REPORT PURSUANT TO SECTION 13OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2024Commission file number1-12260 Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None The number of outstanding shares of each class of capital or common stock as of December 31, 2024 was: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorterperiod that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “acceleratedfiler,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Emerging growth company☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.☐ † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive based compensation received by any of the registrant’s executive officers during the relevantrecovery period pursuant to §240.10D-1(b). Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:U.S. GAAP☐IFRS☒Other☐ ☐Item 17☐Item 18 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐Yes☒No ☐Yes☒No TABLE OF CONTENTS IntroductionItem 1.Identity of Directors, Senior Management and AdvisersItem 2.Offer Statistics and Expected TimetableItem 3.Key InformationDividends and Dividend PolicyRisk FactorsItem 4.Information on the CompanyThe CompanyRegulationBottler AgreementsDescription of Property, Plant and EquipmentSignificant SubsidiariesItem 4.A.Unresolved Staff CommentsItem 5.Operating and Financial Review and ProspectsItem 6.Directors, Senior Management and EmployeesItem 7.Major Shareholders and Related Party TransactionsMajor ShareholdersRelated Party TransactionsItem 8.Financial InformationConsolidated Statements and Other Financial InformationLegal ProceedingsItem 9.The Offer and ListingTrading on the Bolsa Mexicana De Valores, S.A.B. De C.V. and Bolsa Institucional De Valores, S.A. De C.V.Item 10.Additional InformationBylawsMaterial AgreementsTaxationDocuments On DisplayItem 11.Quantitative and Qualitative Disclosures about Market RiskItem 12.Description of Securities Other than Equity SecuritiesItem 12.A.Debt SecuritiesItem 12.B.Warrants and RightsItem 12.C.Other SecuritiesItem 12.D.American Depositary SharesItem 13.Defaults, Dividend Arrearages and Delinquencies.Item 14.Material Modifications to the Rights of Security Holders and Use of Proceeds.Item 15.Controls and ProceduresItem 16.A.Audit Committee Financial ExpertItem 16.B.Code of EthicsItem 16.C.Principal Accountant Fees and ServicesItem 16.D.Exemptions from the Listing Standards for Audit CommitteesItem 16.E.Purchases of Equity Securities by the Issuer and Affiliated PurchasersItem 16.F.Change in Registrant’s Certifying AccountantItem 16.G.Corporate GovernanceItem 16.H.Mine Safety DisclosureItem 16.J.Insider Trading PoliciesItem 16.K.CybersecurityItem 17.Financial Statements Introduction References Unless the context otherwise requires, the terms “Coca-Cola FEMS