Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 196

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 196
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 breached. You should refer to “ Description of Share Capital — Comparison of Cayman Islands Corporate Law and U.S. Corporate Law” for additional information on our standard of corporate governance under Cayman Islands law. Terms of Directors and Executive Officers Our directors are appointed by and serve at the discretion of our board of directors and the shareholders voting by ordinary resolution. Each director holds office until a successor has been duly elected and qualified (unless the director was appointed by the board of directors, in which case such director holds office until the next annual meeting of shareholders, at which time such director is eligible for re -election) or until such time as they die, resign or are removed from office by a shareholders’ ordinary resolution. The office of a director will be vacated automatically if, among other things, the director resigns in writing, becomes bankrupt or makes any arrangement or composition with his/her creditors generally or is found to be or becomes of unsound mind. Our executive officers are appointed by and serve at the discretion of our board of directors. Employment Agreements Our executive officers do not have a written employment agreement with the Company; however, each of our executive officers has an employment agreement with Anhui Xinxu, one of our PRC subsidiaries. On January1, 2024, Mr.Jinchun Cheng, our Chief Executive Officer and director, and Anhui Xinxu entered into an employment agreement, pursuant to which he receives a monthly salary of RMB10,000 (approximately $1,376) plus performance pay and subsidies as the general manager of Anhui Xinxu. Mr.Cheng’s employment is based in Wuhu County, Anhui Province, for a term of one year from January1, 2024 to December31, 2024, which was renewed on January1, 2025 under similar terms for one year ending on December31, 2025. Mr.Cheng is entitled to participate in any benefit plans stipulated by both parties or required by the PRC laws. The employment agreement also contains customary covenants related to the suspension, modification and termination of this agreement. On January1, 2024, Mr.Peng Wu, our Chief Financial Officer, and Anhui Xinxu entered into an employment agreement, pursuant to which he receives a monthly salary of RMB15,000 (approximately $2,064) plus performance pay and subsidies as financial manager of Anhui Xinxu. Mr.Wu’s employment is based in Wuhu County