Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 111

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 111
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 Jinsheng Rural Commercial Bank to the Company’s Chief
Executive Officer, Mr. Jinchun Cheng, with the term from July 2, 2025 to July 1, 2026, at an annual interest rate of3.80%.

On July 10, 2025, the
shareholders of the Company approved a share subdivision of the ordinary shares on a 1-for-200 basis, whereby each authorized and
issued ordinary share was subdivided into200ordinary shares with a par value HK$0.0005. The share subdivision did not affect the total
value of shareholders’ equity. All share and per share amounts for all periods presented in the accompanying financial statements
have been retroactively adjusted to reflect the share split.

F-28

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED

NOTE 28 - SUBSEQUENT
EVENTS(cont.)

On August 21, 2025, the Company
completed the acquisition of100% of the shares of Sure Good Co., Limited, a Hong Kong shell company with no actual business operations,
assets or liabilities. The purchase price HKD10,000. As a result of the transaction, Sure Good Co., Limited became a wholly owned subsidiary
and is included in the Company’s consolidated financial statements from the acquisition date.

As for the date of the issuance
of these financial statements, the refinanced short-term borrowings are presented below:

  Bank Name                                         Amount – RMB                      Issuance       Expiration      Interest                Pledged by     
                                                                                      Date           Date                                    assets listed  
                                                                                                                                             below          
  Wuhu Jinsheng Rural Commercial Bank                                  9,990,000      7/02/2025      7/01/2026                     3.80      Yes            
  Agricultural Bank of China                                           3,500,000      7/17/2025      7/16/2026                     3.00      No             
  Shanghai Pudong Development Bank Wuhu Branch                         7,500,000      8/19/2025      8/18/2026                     3.60      No             
  Bank of China                                                       10,000,000      7/25/2025      7/24/2026                     3.35      Yes            
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total                                             RMB