Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 113

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 113
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 do not guarantee the accuracy or completeness of such information. Statistical data in these publications also include projections based on a number of assumptions. While we believe these industry publications and third -partyresearch, surveys and studies are reliable, you are cautioned not to give undue weight to this information. In addition, the new and rapidly changing nature of the copper industry results in significant uncertainties for any projections or estimates relating to the growth prospects or future condition of our industry. Furthermore, if any one or more of the assumptions underlying the market data are later found to be incorrect, actual results may differ from the projections based on these assumptions. You should not place undue reliance on these forward -lookingstatements. 61 USE OF PROCEEDS We estimate that we will receive net proceeds from this offering of approximately $3.63 million, after deducting estimated underwriting discounts, the non -accountableexpense allowance and the estimated offering expenses payable by us, and based upon an assumed initial offering price of $4.50 per ordinary share (excluding any exercise of the underwriters’ over -allotmentoption), the midpoint of the estimated price range set forth on the cover page of this prospectus. A $1.00 increase (decrease) in the assumed initial public offering price would increase (decrease) the net proceeds to us from this offering by approximately $1.4 million, after deducting the estimated underwriting discounts, the non -accountableexpense allowance and estimated aggregate offering expenses payable by us and assuming no change to the number of ordinary share offered by us as set forth on the cover page of this prospectus, provided, however, that in no case would we decrease the initial public offering price to less than $4.00 per share. We plan to use the net proceeds from this offering as follows: •Approximately 20% of the net proceeds from this offering for the purchase of equipment and facilities, improvement of production lines, and expansion of sales network and new staff hire; •approximately 10% of the net proceeds from this offering for the acquisitions of, or investments in, businesses engaged in the same or similar copper industry as we do, although as of the date of this prospectus, we have not identified, or engaged in any material discussions regarding, any potential target; •approximately 25% of the net proceeds from this offering for the R&D on new products and new technology, and improvement of existing products and technologies; and •approximately 45% of the net proceeds from this offering for working capital, operating expenses and other