Company: XCH
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0000950170-25-056976
Chunk: 140

Company: XCHG Ltd
Filing Date: 2025-04-23
Form: 20-F
Item: Item 7
Chunk 140
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 due to or due from such members of management.
Transactions with Zhichong Technology (Shenzhen) Co., Ltd
We purchased inventories of US$0.1 million, US$71 thousand and US$0.4 million from Zhichong Technology (Shenzhen) Co., Ltd., of which we own 49% equity interest, in 2022, 2023 and 2024, respectively.
As of December 31, 2022, 2023 and 2024, the amounts due to Zhichong Technology (Shenzhen) Co., Ltd was nil, nil and US$0.1 million, respectively. As of December 31, 2022, 2023 and 2024, the balance of amounts due from Zhichong Technology (Shenzhen) Co., Ltd was US$68 thousand, US$85 thousand and nil, respectively.
Transactions with Beijing Puyan Enterprise Management Co., Ltd
As a related party of one of our shareholders, Beijing Puyan Enterprise Management Co., Ltd is a related party of our company. On March 22, 2021, we provided a two-year loan to Beijing Puyan Enterprise Management Co., Ltd in the amount of RMB30.3 million (US$4.2 million) bearing interest at a rate of 3.85% per annum.
Proceeds from repayment of loans to Beijing Puyan Enterprise Management Co., Ltd. were US$1.4 million, US$2.9 million and US$55 thousand in 2022, 2023 and 2024, respectively; and interest income from Beijing Puyan Enterprise Management Co., Ltd. was US$0.2 million, US$7 thousand and US$2 thousand in 2022, 2023 and 2024, respectively.
As of December 31, 2022, 2023 and 2024, there were no amounts due to Beijing Puyan Enterprise Management Co., Ltd. As of December 31, 2022, 2023 and 2024, the balance of amounts due from Beijing Puyan Enterprise Management Co., Ltd was US$3.2 million, US$0.4 million and US$0.3 million, respectively.

Transactions with Beijing Zhichong New Energy Technology Co., Ltd
We sold products of US$65 thousand, US$0.4 million and US$1.7 million to Beijing Zhichong New Energy Technology Co., Ltd