Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 167

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 167
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 |          |
| Company A(1) |                       | Controlled by the immediate family member of the director of the Company |              | Research and development fees                    |        | $ |        73,960 |     | $        |   51,168 |
| Company B    |                       | More than 10% Shareholder of the Company                                 |              | Unconverted working capital loan balance in ACAC |        |   |       249,404 |     |          |        — |
| Company C    |                       | Executive director is the Company’s CFO                                  |              | Paid on behalf fees                              |        |   |        23,175 |     |          |        — |
| Total        |                       |                                                                          |              |                                                  |        | $ |       346,539 |     | $        |   51,168 |

____________

(1)

Related party transactions

Research and development expenses

| Name of Related Party |     | Relationship                                                             |     | For the       
 Three Months  
 Ended         
 September 30, 
 2024          |        |     | For the       
 Three Months  
 Ended         
 September 30, 
 2023          |   |
|:----------------------|:----|:-------------------------------------------------------------------------|:----|:--------------|-------:|:----|:--------------|:--|
|                       |     |                                                                          |     | -Unaudited    |        |     | -Unaudited    |   |
| Company A(1)          |     | Controlled by the immediate family member of the director of the Company |     | $             | 22,792 |     | $             | — |

____________

(1)On September 1, 2022, the Company entered into an agreement with Company A for the research and development project.

Consulting expenses

|              | Name of Related Party |                                      | Relationship |            |       For the 
  Three Months 
         Ended 
 September 30, 
          2024 |     |            |       For the 
  Three Months 
         Ended 
 September 30, 
          2023 |
|:-------------|:----------------------|:-------------------------------------|:-------------|:-----------|--------------:|:----|:-----------|--------------:|
|              |                       |                                      |              | -Unaudited |               |     | -Unaudited |               |
| Company A(1) |                       | Owned by the director of the Company |              | $