Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 47

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 47
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 the Cayman Islands is located at the offices of Harneys Fiduciary (Cayman) Limited, Harbour Place, 103 South Church Street, George Town, Cayman Islands. Our agent for service of process in the United States is Puglisi & Associates, 850 Library Avenue, Suite 204, Newark, DE 19711. 23

The Offering

| Securities being offered:                                  |     | 1,500,000 ordinary shares on a firm commitment basis.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Initial offering price:                                    |     | We estimate the initial public offering price for the ordinary shares will be in the range of $4.00 to $5.00 per ordinary share.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Number of ordinary shares outstanding before the offering: |     | 20,000,000 ordinary shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Number of ordinary shares outstanding after the offering:  |     | 21,500,000 ordinary shares, assuming full exercise of the underwriters’ over-allotment option, and 21,725,000 ordinary shares, assuming no exercise of the underwriters’ over-allotment option.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Use of proceeds:                                           |     | We intend to use the net proceeds of this offering for (i) the purchase of equipment and facilities, improvement of production lines, and expansion of sales network and new staff hire; (ii) potential acquisitions of, or investments in, businesses engaged in the same or similar copper industry as we do although as of the date of this prospectus, we have not identified, or engaged in any material discussions with any potential target; (iii) the R&D of new products and new technology, and improvement of existing products and technologies; and (iv) working capital, operating expenses and other general corporate purposes. For more information on the use of proceeds, see “Use of Proceeds” on page 62. |
| Lock-up agreements                                         |     | In connection with this offering, we have agreed, for a period of 180 days from the date of this prospectus, not to issue, contract to sell, or otherwise transfer or dispose of, directly or indirectly, any ordinary shares or any securities convertible into or exercisable or exchangeable for ordinary shares of the Company.                                                                                                                                                                                                                                                                                                                                                                                             
 All of our directors and officers and certain shareholders have agreed with the underwriters, subject to certain exceptions, not to sell, transfer or dispose of, directly or indirectly