Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 23

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 7
Chunk 23
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ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

7. A. Major Shareholders

See “Item 6. Directors, Senior Management
and Employees - 6. E. Share Ownership” for a description of our major shareholders.

7. B. Related Party Transactions

Set forth below are the related
party transactions of our company that occurred since the beginning of the last three fiscal years up to the date of this annual report.
The transactions are identified in accordance with the rules prescribed under Form 20-F and may not be considered as related
party transactions under PRC law.

Transactions with Certain Related Parties

We have adopted an audit committee charter, which
requires the committee to review all related party transactions on an ongoing basis and all such transactions be approved by the
audit committee.

During the fiscal years
ended June 30, 2025 and 2024, the Company entered business transactions with related parties and provided working capital to or received
working capital from them.

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 fiscal years ended June 30, 2025, 2024 and 2023, the transactions
between the Company and Wuhu Xinkaishun amounted to $505,601, $12,834, and $111,124, respectively. As of June 30, 2025, 2024 and
2023, the Company had an advance to Wuhu Xinkaishun in the amount of nil, $82,271 and $12,868, respectively.

Wuhu Ruilian Ecological Agriculture Co., Ltd. (“ Wuhu Ruilian”)

Wuhu Ruilian, a
PRC company owned by the wife of Mr. Jinchun Cheng, our Chief Executive Officer, provides hospitality service to the Company.
During the fiscal years ended June 30, 2025, 2024 and 2023, transactions between the Company and Wuhu Ruilian amounted to $29,313,
$78,367, and $15,048, respectively. As of June 30, 2025, 2024 and 2023,