Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 40

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 10
Chunk 40
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 skill, and care and diligence 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, also, to act with the skill, care and diligence in keeping with a
standard of care commensurate with any particular skill they have which enables them to meet a higher standard than a director
without those skills. It was previously considered that a director need not exhibit in the performance of his or her duties a
greater degree of skill than may reasonably be expected from a person of his or her knowledge and experience. However, English and
Commonwealth courts have moved towards an objective standard with regard to the required skill and care and these authorities are
likely to be followed in the Cayman Islands. In fulfilling their duty of care to us, our directors must ensure compliance with our
MAA, as amended and restated from time to time. We have the right to seek damages if a duty owed by any of our directors is
breached.

Under
statute, our directors are subject to a number of statutory obligations, which provisions prescribe penalties for breach. The most serious
of these involves dishonesty or the authorizing of illegal payments and carry both criminal and civil penalties. By way of example, material
statutory provisions attracting penalties include where (1) the director willfully authorizes or permits any distribution or dividend
in contravention of the Companies Act; (ii) where the director knowingly or willfully authorizes or permits any payment out of capital
by a company for a redemption or purchase of its own shares when the company is insolvent; (iii) where there has been a failure to maintain
the books of account, minutes of meetings, or the company’s statutory registers of members, beneficial ownership, mortgages and
charges, or directors (which includes alternate directors); (iv) where there has been a failure to provide information or access to documents
to specified persons as required by the Companies Act; and (v) where the director makes or authorizes a false annual return to the Registrar
of Companies.

Shareholder
Action by Written Consent

Under
the Delaware General Corporation Law, a corporation may eliminate the right of shareholders to act by written consent in its certificate
of incorporation. Our amended and restated articles of association provide that shareholders may not approve corporate matters by way
of a unanimous written resolution signed by or on behalf of each shareholder who would have been entitled to vote on such matter at a
general meeting without a