Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1187

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 6
Chunk 1187
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 qualifications to strengthen the financial reporting function and to
    set up a financial and system control framework;

    -
    implementing regular and
    continuous U.S. GAAP accounting and financial reporting training programs for our accounting and financial reporting personnel; and

    -
    establishing internal audit
    function by engaging an external consulting firm to assist us with assessment of Sarbanes-Oxley Act compliance requirements and improvement
    of overall internal control.

The Company had previously
reported, as of June 30, 2024, that it had identified the following material weaknesses in its internal control over financial reporting:

    -
    inefficient oversight of those charged with governance with respect to complete and accurate financial reporting; and

    -
    lack of appropriate controls surrounding authorized signor access for bank accounts.

During the year ended June 30, 2025, the Company has implemented corrective action and placed into operation
controls to address the material weakness described above. These actions included the establishment of an Audit Committee to oversee the
completeness and accuracy of financial reporting, the addition of a
layer of review to the financial reporting process, and the enhancement of controls over access to bank accounts. Based on the corrective
actions, and testing completed for the year ended June 30, 2025, management has concluded that certain of the material weaknesses noted
above that existed as of June 30, 2024 has been remediated.

This
Annual Report on Form 10-K does not include an attestation report of internal controls from our independent registered public accounting
firm due to our status as an emerging growth company under the JOBS Act.

Changes
in Internal Control over Financial Reporting

There
have been no changes in our internal control over financial reporting during the year ended June 30, 2025 that have materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting, other than those described above in our remediation efforts.

ITEM
9B. OTHER INFORMATION

None.

ITEM
9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Not
applicable.

30

PART
III

ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The
following table sets forth information about our directors and executive officers as of the date of this report.

    Name
     
    Age
     
    Position
  
    Executive
    Officer

    Greg
    Foley
     
    57