Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 108

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 108
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, accounting for interest and penalties associated with tax positions, accounting
for income taxes in interim periods, and income tax disclosures. Significant judgment is required in evaluating the Company’s uncertain
tax positions and determining its provision for income taxes. The Company recognizes interest and penalties, if any, under accrued expenses
and other current liabilities on its balance sheet and under other expenses in its consolidated statement of operations. There were no
interest and penalties associated with uncertain tax positions for the years ended June 30, 2025, and 2024. As of June 30,
2025, and 2024, the Company did not have any significant unrecognized uncertain tax positions.

NOTE 24 - COMMITMENTS AND CONTINGENCIES

As of June 30, 2025 and
2024, the Company had nomaterial purchase commitment or lease commitment. From time to time, the Company is involved in various legal
proceedings, claims and other disputes arising from commercial operations, employees, and other matters which, in general, are subject
to uncertainties and in which the outcomes are not predictable. The Company determines whether an estimated loss from a contingency should
be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. Although the Company can give no assurances
about the resolution of pending claims, litigation or other disputes and the effect such outcomes may have on the Company, the Company
believes that any ultimate liability resulting from the outcome of such proceedings to the extent not otherwise provided or covered by
insurance, will not have a material adverse effect on our consolidated financial position or results of operations or liquidity. As of
June 30, 2025, and 2024, the Company had nopending legal proceedings.

NOTE 25 - REVENUE DISAGGREGATION

The Company’s disaggregated
revenues are represented by the type of products and type of revenue stream.

                                                                 June 30, 2025                                                                                      
                                                                 Sales                                                                                              
                                                                 Amount                                                                                             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Self-Manufactured Products:                                                                                                                                       
  Tinned copper bar products                                     $                    8,204,848       7.24        1,527,551       1.44       13,310,058       7.79  
  T2 copper bar products                                                             16,164,606      14.26        4,168,922       3.94