Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 47

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 10
Chunk 47
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 data.

We
shall notify you of any personal data breach that is reasonably likely to result in a risk to your interests, fundamental rights or freedoms
or those data subjects to whom the relevant personal data relates.

10. C. Material
Contracts

We
have not entered into any material contracts other than in the ordinary course of business and other than those described in “ Item
4. Information on the Company

10. D. Exchange
Controls

Cayman
Islands

There
are currently no exchange control regulations in the Cayman Islands applicable to us or our shareholders.

The PRC

The
principal regulations governing foreign currency exchange in China are the Administrative Regulations on Foreign Exchange of the People’s
Republic of China, or the Foreign Exchange Administrative Regulation, which was promulgated by the State Council on January 29, 1996,
which became effective on April 1, 1996 and was subsequently amended on January 14, 1997 and August 5, 2008 and the Administrative Regulations
on Foreign Exchange Settlement, Sales and Payment which was promulgated by the People’s Bank of China, or the PBOC, on June 20,
1996 and became effective on July 1, 1996. Under these regulations, payments of current account items, such as profit distributions and
trade and service-related foreign exchange transactions, can be made in foreign currencies without prior approval from State Foreign
Exchange Administration of the People’s Republic of China, or the SAFE, by complying with certain procedural requirements. By contrast,
approval from or registration with appropriate government authorities is required where RMB is to be converted into foreign currency
and remitted out of China to pay capital account items such as the repayment of foreign currency-denominated loans, direct investment
overseas and investments in securities or derivative products outside of the PRC. FIEs are permitted to convert their after-tax dividends
into foreign exchange and to remit such foreign exchange out of their foreign exchange bank accounts in the PRC.

On
March 30, 2015, SAFE promulgated the Notice on Reforming the Administration of Foreign Exchange Settlement of Capital of Foreign-invested
Enterprises, or the SAFE Circular 19, which took effect on June 1, 2015. According to SAFE Circular 19, the foreign currency capital
contribution to an FIE in its capital account may be converted into RMB on a discretional basis.

On
June 9, 2016, the