Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1365

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7A
Chunk 1365
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 included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ CBIZ CPAs P.C.

CBIZ CPAs P.C.

We have served as the Company’s auditor
since 2023 (such date takes into account the acquisition of the attest business of Marcum LLP by CBIZ CPAs P.C. effective November 1,
2024).

San Jose, CA

October 14, 2025

F-2

Report of Independent
Registered Public Accounting Firm

To the Stockholders and Board of Directors of

Foxx Development Holdings Inc.

Opinion on the Financial Statements

We have audited, before the effects of the
adjustments to retrospectively apply the change in accounting described in Note 3, the consolidated balance sheet of Foxx
Development Holdings Inc. (the “Company” and formerly known as Foxx Development Inc.) as of June 30, 2024, and the
related consolidated statements of operations and comprehensive loss, changes in stockholders’ deficit, and cash flows for the
year then ended and the related notes (the 2024 financial statements before the effects of the adjustments discussed in Note 3 are
not presented herein). In our opinion, the 2024 financial statements, before the effects of the adjustments to retrospectively apply
the changes in accounting described in Note 3, present fairly, in all material respects, the financial position of the Company as of
June 30, 2024, and the results of its operations and its cash flows for the year then ended, in conformity with accounting
principles generally accepted in the United States of America.

We were not engaged to audit, review, or
apply any procedures to the adjustments to retrospectively apply the changes in accounting described in Note 3 and, accordingly, we
do not express an opinion or any other form of assurance about whether such adjustments are appropriate and have been properly
applied. Those procedures were audited by CBIZ CPAs P.C..

Explanatory Paragraph – Going Concern

The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 2, the Company has a significant
working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its
operations. These conditions raise substantial doubt about the Company's ability to continue as