Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1401

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7A
Chunk 1401
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              Azure(1)  Owned by an immediate family member of the Company’s 10% or more shareholder  $485,200   $324,000   Swiftfulfill(2)  Owned by an immediate family member of the Company’s 10% or more shareholder   63,000    -   Total     $548,200    324,000  

  (1) On September 1, 2022, the Company entered into a consulting agreement to receive consulting services provided by Azure, a consulting company which is owned by an immediate family member of the Company’s more than 10% shareholder.  (2) On October 1, 2024, the Company entered into a consulting agreement to receive consulting services provided by, Swiftfulfill, a consulting company which is owned by an immediate family member of the Company’s more than 10% shareholder.

F-23

Note 13
— Short-term loans

As
of June 30, 2025 and 2024, the outstanding short-term loan from third parties consists of the following:

    June
    30,  2025  
    June 30,
     2024 

    Lender
    A(1) 
    $-  
    $261,208 
  
    Lender
    B(2) 
     -  
     30,000 
  
    Total
    short-term loan 
    $-  
    $291,208 

  (1) On December 30, 2020, the Company entered into a loan agreement with a third-party lender. The agreement allows the Company to draw up to $600,000 and is non-interest bearing. The Company’s imputed interest is immaterial. During the year ended June 30, 2025, the Company made a full repayment to the third party with a total amount of $261,208. 

  (2) On November 11, 2019, the Company entered into a loan agreement for an amount of $50,000 with a third-party lender. This loan is non-interest bearing. The Company’s imputed interest is immaterial. This loan had an original due date in February 2020 and automatically converted into a due on demand term thereafter. During the year ended June 30, 2025, the Company made a full repayment to the third party with a total