Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 204

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 204
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’s website at www.sec.gov. Family Relationships There are no family relationships, or other arrangements or understandings between or among any of the directors, director nominees, executive officers or other person pursuant to which such person was selected to serve as a director or officer. Duties of Directors Under Cayman Islands law, directors and officers owe the following fiduciary duties: (i)duty to act in good faith in what the director or officer believes to be in the best interests of the company as a whole; (ii)duty to exercise powers for the purposes for which those powers were conferred and not for a collateral purpose; (iii)directors should not properly fetter the exercise of future discretion; (iv)duty to exercise powers fairly as between different sections of shareholders; (v)duty not to put themselves in a position in which there is a conflict between their duty to the company and their personal interests; and (vi)duty to exercise independent judgment. In addition to the above, directors also owe a duty of care which is not fiduciary in nature. This duty has been defined as a requirement to act as a reasonably diligent person having both the general knowledge, skill and experience that may reasonably be expected of a person carrying out the same functions as are carried out by that director in relation to the company and the general knowledge skill and experience which that director has. As set out above, directors have a duty not to put themselves in a position of conflict and this includes a duty not to engage in self -dealing, or to otherwise benefit as a result of their position. However, in some instances what would otherwise be a breach of this duty can be forgiven and/or authorized in advance by the shareholders provided that there is full disclosure by the directors. This can be done by way of permission granted in the memorandum and articles of association or alternatively by shareholder approval at general meetings. Accordingly, as a result of multiple business affiliations, our officers and directors may have similar legal obligations relating to presenting business opportunities meeting the above -listedcriteria to multiple entities. In addition, conflicts of interest may arise when our board evaluates a particular business opportunity with respect to the above -listedcriteria. We cannot assure you that any of the afore -mentionedconflicts will be resolved in our favor. Furthermore, each of our officers and directors has pre -existingfiduciary obligations to other businesses of which they are officers or directors. 121 Our company has the right to seek damages if a duty owed by our directors is breached. A shareholder may in certain