Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 39

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 10
Chunk 39
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 the opinion of the SEC, such indemnification is against public policy
as expressed in the Securities Act and is therefore unenforceable.

Directors’
Fiduciary Duties

Under
Delaware General Corporation Law, a director of a Delaware corporation has a fiduciary duty to the corporation and its shareholders.
This duty has two components: the duty of care and the duty of loyalty. The duty of care requires that a director act in good faith,
with the care that an ordinarily prudent person would exercise under similar circumstances. Under this duty, a director must inform himself
of, and disclose to shareholders, all material information reasonably available regarding a significant transaction. The duty of loyalty
requires that a director acts in a manner he reasonably believes to be in the best interests of the corporation. He must not use his
corporate position for personal gain or advantage. This duty prohibits self-dealing by a director and mandates that the best interest
of the corporation and its shareholders take precedence over any interest possessed by a director, officer or controlling shareholder
and not shared by the shareholders generally. In general, actions of a director are presumed to have been made on an informed basis,
in good faith and in the honest belief that the action taken was in the best interests of the corporation. However, this presumption
may be rebutted by evidence of a breach of one of the fiduciary duties. Should such evidence be presented concerning a transaction by
a director, the director must prove the procedural fairness of the transaction, and that the transaction was of fair value to the corporation.

As
a matter of Cayman Islands law, a director of a Cayman Islands company owes three types of duties to the company: (i) statutory
duties, (ii) fiduciary duties, and (iii) common law duties. The Companies Act imposes a number of statutory duties on a director. A
Cayman Islands director’s fiduciary duties are not codified, however the courts of the Cayman Islands have held that a
director owes the following fiduciary duties (a) a duty to act in what the director bona fide considers to be in the best interests
of the company, (b) a duty to exercise their powers for the purposes they were conferred, (c) a duty to avoid fettering his or her
discretion in the future and (d) a duty to avoid conflicts of interest and of duty. The common law duties owed by a director are
those to act with