Company: XXC
Filing Date: 2025-09-18
Form Type: F-1/A
Source: 0001213900-25-089077
Chunk: 156

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-18
Form: F-1/A
Chunk 156
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 qualification materials, such as business license, pollutant discharge permit, and tax certificates, verifying their production capacity and safety, business reputation and conflict of interests, such third party fabricators or processors are authorized to fabricate and/or process our products in accordance with our requirements and standards. Research and Development We continually strive to improve our product offerings in order to deliver innovative and high -qualitycopper products catering to the diversified demands of our customers. We take a long -term, thoughtful approach to research that informs our product decisions and is differentiated from the marketplace. Our R&D involves the invention and upgrading of our processing facilities and equipment, and the introduction of new copper products and technologies and improvement of existing copper products and technologies. We are able to bridge the research to the desired commercial outcome due to our knowledge of the copper genome and processing craftsmanship, allowing us to solve the safety and quality issues that may occur during the processing process. In December 2018, we established R&D labs in Wuhu, China, which are equipped with advanced equipment and professional personnel. Starting from the latter half of 2022, our R&D team has been dedicated to the R&D of soft and hard connection copper bars for use in electric vehicle battery packs. In December 2023, we completed the sample production and testing phase utilizing our new copper soft joint polymer diffusion welding technology and shaped parts punching technology as a result of our R&D and progressed to the small batch production and testing stage for both hard and soft connection copper bars. During the six months ended December31, 2024, and the fiscal year ended June30, 2024 and 2023, our R&D expenses were approximately $0.77million, $1.10million and $0.53million, respectively. R&D expenses primarily consist of salaries for R&D personnel and R&D supplies. As of June30, 2025, we have a team of 43 employees in the R&D department, including 18 experienced engineers and 25 technicians, of whom a majority have relevant industry experience of over 20 years. Compared with 30 R&D employees as of June30, 2024, we recruited an additional 13 R&D personnel to collaborate with our original equipment manufacturers on research and development initiatives aimed at cost reduction and operational efficiency enhancement and also to support our ongoing and new R&D projects in response to evolving market conditions. In the future, we expect R&D expenses to increase as we continue to develop new products, enhance existing products and technologies and perform activities related