Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 323

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 323
---
 borrowings are pledged by the assets as listed below, and guaranteed by the Company’s major shareholders, his immediate family members, related -partycompanies and third -partycompanies:

|                             |     |   | December 31, 
         2024 
  (Unaudited) |     |   |  June 30, 
      2024 |
|:----------------------------|:----|:--|-------------:|:----|:--|----------:|
| Land use right, net         |     | $ |      725,164 |     | $ |   737,261 |
| Inventory                   |     |   |    2,080,521 |     |   | 3,711,153 |
| Property and equipment, net |     |   |    3,526,344 |     |   | 2,089,711 |
| Total                       |     | $ |    6,332,029 |     | $ | 6,538,125 |

NOTE 12 — GOVERNMENT LOANS The Company received a new interest -freegovernment loan in the amount of RMB4,000,000 in January 2024. As of December 31, 2024 and June 30, 2024, non -currentliabilities included interest -freegovernment loans in the amount of $1,095,996 and $1,100,837, respectively, which will become rewards from the government once the Company successfully gets listed on the U.S. stock market. The subsidiary of the Company, Anhui Xinxu, uses its own assets, including equipment and real property, to provide counter -guaranteeto Wuhu County Small and Medium Enterprise Financing Guarantee Limited, which will provide the full amount guarantee to Wuhu Financial Bureau for the loan repayment. In case the Company fails to successfully get listed on the U.S. stock market within the lending period, the Company must return the full amount plus interest at the lending rate of People’s Bank of China. NOTE 13 — ACCOUNTS PAYABLE Accounts payable mainly represent the amount the Company owes to its suppliers. As of December 31, 2024 and June 30, 2024, outstanding accounts payable amounted to $7,552,042 and $8,026,193, respectively. NOTE 14 — OTHER PAYABLES Other payables as of December 31, 2024 and June 30, 2024 consisted of the following:

|