Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 205

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 205
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123 RELATED PARTY TRANSACTIONS Before the completion of this offering, we intend to adopt an audit committee charter, which will require the committee to review all related -partytransactions on an ongoing basis and all such transactions be approved by the committee. Set forth below are the related party transactions of our company that occurred during the past three fiscal years up to the date of this prospectus. Transactions with Related Parties For the six months ended December31, 2024 and the fiscal years ended June 30, 2024, 2023 and 2022, the Company entered into business transactions with related parties, and provided working capital to, or received working capital, from them, from time to time. Wuhu Xinkaishun Surface Treatment Co., Ltd. (“Wuhu Xinkaishun”) Wuhu Xinkaishun, a PRC company 70% controlled by a related party, an affiliate of Jinchun Cheng, and 30% controlled by a previous employee of Anhui Xinxu, provides tinning service to the Company. During the six months period ended December31, 2024 and 2023, the transactions between the Company and Wuhu Xinkaishun amounted to $206,251 and $12,817, respectively. During the fiscal years ended June30, 2024, 2023, and 2022, the transactions between the Company and Wuhu Xinkaishun amounted to $12,834, $111,124 and $105,275, respectively. As of December31, 2024, June30, 2024 and 2023, the Company had an advance to Wuhu Xinkaishun in the amount of $190,961, $82,271 and $12,868, respectively. As of June30, 2022, the Company had outstanding accounts payable to Wuhu Xinkaishun of $266. The Company also sells copper bar products to Wuhu Xinkaishun. During the six months ended December31, 2024 and 2023, there were no transactions between the Company and Wuhu Xinkaishun. As of December31, 2024 and 2023, the Company had no outstanding accounts receivable from Wuhu Xinkaishun. During the fiscal years ended June30, 2024, 2023, and 2022, the total transactions between the Company and Wuhu Xinkaishun amounted to nil,