Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1441

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7A
Chunk 1441
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 on a Schedule 13D filed by New Bay Capital Limited, with the SEC on October 7, 2024 and the amount of
forfeited shares in the escrow account.

(4)BR Technologies Pte. Ltd. is a limited liability company incorporated
in Singapore and wholly-owned by Mr. Baoman Xu, who has the voting and dispositive power with respect to the securities owned by
this entity. The address of BR Technologies Pte. Ltd. is 51 Normanton Park, #24-29 Normanton Park, Singapore 117281. This information
is based solely on a Schedule 13D filed by BR Technologies Pte. Ltd. with the SEC on October 7, 2024 and the amount of forfeited shares
in the escrow account.

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Unless
described below, during the last two fiscal years, there are no transactions or series of similar transactions to which we were a party
or will be a party, in which:

    ●
    the amounts involved exceeded
    or will exceed the lesser of $120,000 or 1% of the average of the Company’s total assets at year-end for the last two completed
    fiscal years; and

    ●
    any of our directors, executive
    officers or holders of more than 5% of our capital stock, or any member of the immediate family of the foregoing persons, had or
    will have a direct or indirect material interest.

Amount
due from related party

    Name of Related Party 
    Relationship 
    Nature 
    June 30,
 2025  
    June 30,
 2024 

    Azure Horizon LLC (“Azure”) 
    Owned by an immediate family member of the Company’s 10% or more shareholder 
    Paid on behalf fees 
    $-  
    $140 

Prepaid expenses to a related party

    Name of Related Party 
    Relationship 
    Nature 
    June 30,
 2025
      
    June 30,
 2024 

    Azure Horizon LLC (“Azure”) 
    Owned by an immediate family member of the Company’s 10% or more shareholder 
    Prepaid service fees 
    $8,000
      
    $          - 

38

Other
payable — related party

Other
payable