Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 4

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 4
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 distribution of earnings or settlement of amounts owed will be done through our PRC subsidiaries. If any of our PRC subsidiaries incurs debt on its own behalf in the future, the instruments governing such debt may restrict their ability to pay dividends to us. We are in the process of adopting our formal cash management policies which will dictate the purpose, amount and procedure of cash transfers among our holding company and our subsidiaries. Historically, one PRC operating entity provides financial support for other entities’ operations by inter -company loans and we have not experienced difficulties or limitations on our ability to transfer cash between our PRC subsidiaries. For details on our cash management practice, see “ Prospectus Summary — Dividends and, Other Distributions and Assets Transfer among Xinxu and Its Subsidiaries ” on page 15. Based on the advice of Ogier (Cayman) LLP, our Cayman legal counsel, there are no limitations imposed by Cayman Islands law on Xinxu’s ability to transfer cash between Xinxu and its investors, other than as set out under “Dividend Policy”. Among Xinxu and its subsidiaries, cash can be transferred from Xinxu and HK Xinxu , a Hong Kong limited company and wholly owned subsidiary of Xinxu, as needed in the form of capital contributions or shareholder loans, as the case may be, to the PRC subsidiaries as we are permitted under PRC laws and regulations to provide funding to our PRC subsidiaries through capital contributions or loans, and only if we satisfy the applicable government registration and approval requirements in China. We believe, as of the date of this prospectus, there is no restriction imposed by the Hong Kong government on the transfer of capital within, into and out of Hong Kong (including funds from Hong Kong to the PRC), except for the transfer of funds involving money laundering and criminal activities. The PRC government imposes controls on the conversion of RMB into foreign currencies and the remittance of currencies out of the PRC. In addition, the PRC Enterprise Income Tax Law and its implementation rules provide that a withholding tax at a rate of 10% will be applicable to dividends payable by PRC companies to non -PRC -resident enterprises unless reduced under treaties or arrangements between the PRC central government and the governments of other countries or regions where the non -PRC resident enterprises are tax resident. Further, to the extent cash or assets in our business are in mainland China or Hong Kong or a mainland China or Hong Kong entity, the funds or