Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 153

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 153
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 present or future environmental laws, we could be subject to fines, corrective action, other liabilities or the suspension of production, which may adversely affect our business, financial condition and results of operations. In 2018, our “Cleaner Production Project” was approved by the local environmental protection authority for the construction of copper wash work station, warehouse and other facilities, which has been put into use in 2020. The environmental protection costs of such project were approximately RMB55,000. As of the date of this prospectus, we have completed the environmental protection testing and information publication as required by relevant PRC regulations, and we are not aware of any warning, order, investigations, prosecutions, disputes, claims or other proceedings in respect of environmental violation. If new products are developed in the future and environmental measures are needed according to law, we will take corresponding environmental protection measures according to relevant laws and regulations. We maintain sewage treatment systems, dust collectors and other environmental devices for environment protection. As of the date of this prospectus, we are not aware of any warning, investigations, prosecutions, disputes, claims or other proceedings in respect of environmental protection; however, we may get fined or penalized if we fail to file monthly wastewater discharge report on the Permit Platform timely or complete the acceptance and information publication within the correction period requested by the relevant government authorities. Our Competition The copper industry is intensely competitive, subject to rapid change and significantly affected by new product introductions and other market activities of industry participants. We believe that our position as high -qualityproducts and commercial performance, brand equity, science and innovation practice, and organizational approach differentiate us and help us maintain our market share in a highly competitive environment. We believe the following companies may be our competitors, competing with us in one or more products among different end markets: •Ningbo Jintian Copper Industry (Group) Co., Ltd., founded in 1986, is committed to copper processing, high -techmaterials and non -ferrousmetal trading. It is the largest recycled copper processing company and one of the largest copper processing companies in China, and has been listed in “Top 500 Chinese Enterprises” for more than three years. Its main products include but are not limited to copper wires, bars, tapes, enameled wires, and valves; •Zhejiang Hailiang Co., Ltd., founded in 2001 and listed in Shenzhen Stock Exchange in 2008 (Ticker Symbol: 002203), is committed to the R&D, manufacturing and sales