Company: XCH
Filing Date: 2025-12-19
Form Type: F-3
Source: 0001193125-25-325891
Chunk: 4

Company: XCHG Ltd
Filing Date: 2025-12-19
Form: F-3
Chunk 4
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 our ability to offer or continue to offer the Securities to investors and cause the value of such Securities to significantly decline or be worthless. The PRC government has oversight over the conduct of our business. The PRC government may in the future release regulations or policies regarding our industry that could materially affect our business, financial condition, results of operations and prospects. Furthermore, the PRC government has recently promulgated laws and regulations that may result in more oversight and control over overseas securities offerings and other capital markets activities and foreign investment in China- based companies. Any such action, once taken by the PRC government, could significantly limit or completely hinder our ability to offer or continue to offer our Securities to investors and cause the value of such Securities to significantly decline or in extreme cases, become worthless. Cash may be transferred among XCHG Limited and our subsidiaries in the following manner: (i) funds may be transferred to our subsidiaries from the company as needed in the form of capital contributions or shareholder loans through the intermediary holding companies, as the case may be; and (ii) dividends or other distributions may be paid by our subsidiaries to the company directly or through intermediary holding companies, as the case may be. Our operating subsidiaries generate and retain cash generated from operating activities and re-invest it in our business. In the future, the company’s ability to pay dividends, if any, to its shareholders and ADS holders and to service any debt it may incur will depend upon dividends paid by our subsidiaries. As of the date of this prospectus, we do not have cash management policies and procedures in place that dictate how funds are transferred through our organization. We may engage in intra-group loans and transactions among the entities within our group from time to time. In 2024, XCHG Limited did not provide loans to any of our subsidiaries for fund support. Other than the US$350,000 loans to one of our subsidiaries for fund support in 2023, the cash transfers within our group in connection with our restructuring in 2023 for our initial public offering and the US$400,000 loan to one of our subsidiaries in May 2025, as of the date of this prospectus, XCHG Limited has not transferred any cash proceeds or other assets to any of our subsidiaries. Other than the restructuring in 2023, none of our subsidiaries have issued any dividends or distributions to their respective holding companies, including the company, nor have we issued any dividends or distributions to any investors of the company, as of the date of this prospectus