Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 27

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 27
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 order (unless further extended). It is also questionable if the executive order’s extension will be deemed legal if challenged in a court of law. As a result, it is possible that TikTok’s app may be shut down again in the future, or TikTok will not be made available for download on the app stores on Google’s Android and Apple’s iPhone operating systems for an extended period of time, or at all. In such cases, TikTok’s current users may not be able to update the application, as a result of which the functionalities of TikTok will deteriorate over time. New users would not be able to download or access the application, and existing users may choose to stop using the application or opt to use other social media platforms. As a result, our TikTok store may be forced to shut down, and our e -commercebusiness may suffer. As we expand our operations into international markets, we encounter risks linked to sourcing components globally from suppliers and engaging with third-party consultants. Additionally, as we continue to grow, we may further extend our reach by selling our products internationally. We currently collaborate with partners across the globe, and we will continue to expand our operations in the global marketplace. International sales growth stands as a key element of our growth strategy. However, we acknowledge the risks inherent in our international operations, including, but not limited to: •Foreign currency exchange rates; •Economic or governmental instability in foreign markets in which we operate or in those countries from which we source our merchandise; •Unexpected changes in laws, regulatory requirements, taxes or trade laws; •Increases in the cost of transporting goods globally; •Acts of war, terrorist attacks, outbreaks of contagious disease and other events over which we have no control; and •Changes in foreign or domestic legal and regulatory requirements resulting in the imposition of new or more onerous trade restrictions, tariffs, duties, taxes, embargoes, exchange or other government controls. Any of these risks could have an adverse impact on our results of operations, financial position or growth strategy. Furthermore, some of our international operations are conducted in parts of the world that experience corruption to some degree. Our employees and wholesalers could take actions that violate applicable anti -corruptionlaws or regulations. Violations of these laws, or allegations of such violations, could have an adverse impact on our reputation, our results of operations or our financial position. Foreign exchange movements may also negatively affect the relative purchasing power of consumers and their willingness to purchase discretionary premium goods, such as our products, which would adversely affect