Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 91

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 91
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2 EO”), to take action based on the results of certain investigations
related to the causes of the U.S.’s large and persistent annual trade deficits in goods. Subsequent to the April 2 EO, there have
been additional Executive Orders that have, among other actions, effectively suspended the enforcement of certain country-specific tariffs
until July 9, 2025, for all trading partners except for the People’s Republic of China (“PRC”), for which a separate
Executive Order was issued on May 12, 2025 that, among other things, lowered reciprocal tariff rates for PRC imports from 125% to 10%
for a period of 90 days. The Company is currently assessing the potential impact of these actions, however it is reasonably possible
that the impact of these tariffs will result in a reduction in the Company’s projected operating results and reduce liquidity which
may result in a material impact on certain estimates included in the financial statements such as the collectability of account receivables
and carrying value of inventories.

50

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

Item 6. Exhibits

    31.1*
     
    Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer
  
    31.2*
     
    Rule 13(a)-14(a)/15(d)-14(a) Certification of principal financial and accounting officer
  
    32.1*
     
    Section 1350 Certification of principal executive officer
  
    32.2*
     
    Section 1350 Certification of principal financial and accounting officer
  
    101.INS*
     
    Inline XBRL Instance Document.
  
    101.SCH*
     
    Inline XBRL Taxonomy Extension Schema Document.
  
    101.CAL*
     
    Inline XBRL Taxonomy Extension Calculation Linkbase
    Document.
  
    101.DEF*
     
    Inline XBRL Taxonomy Extension Definition Linkbase
    Document.
  
    101.LAB*
     
    Inline XBRL Taxonomy Extension Label Linkbase Document.
  
    101.PRE*
     
    Inline XBRL Taxonomy Extension Presentation Linkbase
    Document.
  
    104*
     
    Cover Page Interactive Data File (formatted as