Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 668

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 2
Chunk 668
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 Beneficial
    Owner 

    Acri Capital Sponsor LLC(1)   
     2,156,250  
     31.8%
  
    BRR Investment Corp.(2)   
     2,081,100  
     30.7%
  
    New Bay Capital Limited(3)   
     630,426  
     9.3%
  
    BR Technologies Pte. Ltd.(4)   
     597,223  
     8.8%

(1)Acri Capital Sponsor LLC, is the record holder of the securities reported
herein. “Joy” Yi Hua, our CFO, is the sole manager and member of Acri Capital Sponsor LLC. By virtue of this relationship,
Ms. Hua may be deemed to have beneficial ownership of the securities held of record by Acri Capital Sponsor LLC. The address of Acri Capital
Sponsor LLC is 13284 Pond Springs Rd, Ste 405, Austin, Texas 78729.

37

(2)BRR Investment Corp. is a limited liability company incorporated under
laws of U.S. Virgin Islands. Lapistone Trust LLC, the trustee of Durabilis Trust, owner of BRR Investment Corporation, has directed voting
and investment discretion with respect to the securities held by the BRR. The address of BRR Investment Corp. is Royal Palms Professional
Building, 9053 Estate Thomas, Ste. 101, St. Thomas, U.S. Virgin Islands, 00802. This information is based solely on a Schedule 13D filed
by BRR Investment Corp. and Lapistone Trust LLC, with the SEC on September 27, 2024 and the amount of forfeited shares in the escrow account.

(3)New Bay Capital Limited is a limited liability company incorporated
in Hong Kong and wholly-owned by New Bay Capital (Cayman) Corporation, an exempted corporation incorporated under laws of Cayman
Island and wholly-owned by Mr. Shi Liu, who has the voting and dispositive power with respect to the securities owned by this entity.
The address of New Bay Capital Limited is Rm. 805, 8/F, Harbour Crystal Center, No. 100 Granville Road, Tsim Sha Tsui, KL, Hong Kong.
This information is based solely on a Schedule 13D filed by New Bay Capital Limited, with the SEC on October 7, 2024 and the