Company: XCH
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0000950170-25-056976
Chunk: 139

Company: XCHG Ltd
Filing Date: 2025-04-23
Form: 20-F
Item: Item 7
Chunk 139
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ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
7.A. Major Shareholders
Please refer to “Item 6. Directors, Senior Management and Employees—6.E. Share Ownership.”
7.B. Related Party Transactions
Transactions with Other Related Parties
Transactions with Mr. Yifei Hou
Mr. Yifei Hou is one of our founders and shareholders. We provide Mr. Yifei Hou interest free advances from time to time for fund support. In 2023, we provided an interest-free advance of RMB2.9 million (US$0.4 million) to Mr. Yifei Hou, which was fully collected by the end of April 2024.
As of December 31, 2022, 2023 and 2024, there were no amounts due to Mr. Yifei Hou. As of December 31, 2022, 2023 and 2024, the balance of amounts due from Mr. Yifei Hou was nil, US$0.4 million and nil, respectively.
Transactions with Mr. Rui Ding
Mr. Rui Ding is one of our founders and shareholders. We and Mr. Rui Ding provide each other interest free advances from time to time for fund support. In 2022, we provided an interest-free advance of RMB1.7 million (US$0.2 million) to Mr. Rui Ding, which was fully collected in September 2023. In 2023, we provided an interest-free advance of RMB1.9 million (US$0.3 million) to Mr. Ding Rui, which was collected in January 2024.
As of December 31, 2022, 2023 and 2024, there were no amounts due to Mr. Rui Ding. As of December 31, 2022, 2023 and 2024, the balance of amounts due from Mr. Rui Ding was US$0.2 million, US$0.3 million and nil, respectively.
Transactions with Other Members of Management
We provide other members of management interest free advances from time to time for fund support. In 2023, we provided two other members of management an interest-free advance of RMB0.2 million (US$27 thousand), which was fully collected in September 2023. As of December 31, 2022, 2023 and 2024, there were no amounts