Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 150

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 150
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 standards. Research and Development We continually strive to improve upon our product offerings in order to deliver innovative and high quality copper products catering to the diversified demands of our customers. We take a long -term, thoughtful approach to research that informs our product decisions and is differentiated from the marketplace. Our R&D involves the invention and upgrading of our processing facilities and equipment, and the introduction of new copper products and technologies and improvement of existing copper products and technologies. We are able to bridge the research to the desired commercial outcome due to our knowledge of the copper genome and processing craftsmanship, allowing us to solve the safety and quality issues that may occur during the processing process. In December 2018, we established R&D labs in Wuhu, China, which are equipped with advanced equipment and professional personnel. Starting from the latter half of 2022, our R&D team has been dedicated to the R&D of soft and hard connection copper bars for use in electric vehicle battery packs. By the end of 2023, we completed the sample production and testing phase utilizing our new copper soft joint polymer diffusion welding technology and shaped parts punching technology as a result of our R&D and progressed to the small batch production and testing stage for both hard and soft connection copper bars. As of June30, 2024 and 2023, our R&D expenses were approximately $1.10 million and $0.53million, respectively. R&D expenses primarily consist of salaries for R&D personnel and R&D supplies. As of the date of this prospectus, we had a team of 25 employees in the R&D department, including four experienced engineers and 21 technicians, of whom a majority have relevant industry experience of over 20 years. In the future, we expect R&D expenses to increase as we continue to develop new products, enhance existing products and technologies and perform activities related to obtaining additional regulatory approval for our intellectual properties. From March 2018 till present, we conducted seven R&D projects, focusing on the following: •Key technology of upward bright copper rod and environmental protection; •Upward undercurrent continuous casting of large diameter bright copper rods; •Continuous cold -extrusionultra -largewidth -to-thicknessratio transmission of copper busbars; •Continuous cold -extrusionultra -large-loadwater -cooledpower transmission of copper bars; •Key technology for dissimilar metal welding of copper and aluminum; •Copper soft joint polymer diffusion welding technology and shaped parts punching technology; and •copper power distribution components made of copper bars