Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 22

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 6
Chunk 22
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our shareholders’ equity would generally be required to be at least $5.0 million and we would be required to have a minimum of 300
round lot holders of our securities (with at least 50% of such round lot holders holding securities with a market value of at least $2,500).
We cannot assure you that we will continue to meet those initial listing requirements. If Nasdaq delists our securities from trading on
its exchange and we are not able to list our securities on another national securities exchange, we expect our securities could be quoted
on an over-the-counter market. If this were to occur, we could face significant material adverse consequences, including:

  a limited availability of market quotations for our securities;  

  reduced liquidity for our securities;  

  a determination that our ordinary shares come within the definition                                                        

  a limited amount of news and analyst coverage; and  

  a decreased ability to issue additional securities or obtain  
  additional financing in the future.                           
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The National Securities Markets
Improvement Act of 1996, which is a federal statute, prevents or preempts the states from regulating the sale of certain securities, which
are referred to as “covered securities.” Because we expect that our ordinary shares will be listed on Nasdaq, our ordinary
shares will be covered securities. Although the states are preempted from regulating the sale of our securities, the federal statute does
allow the states to investigate companies if there is a suspicion of fraud, and, if there is a finding of fraudulent activity, then the
states can regulate or bar the sale of covered securities in a particular case.

ITEM 4. INFORMATION ON THE COMPANY