Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 21

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 6
Chunk 21
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 initial public offering to at least 300 round lot shareholders (a round lot shareholder
is a shareholder who purchases at least 100 shares) in order to ensure that we meet the Nasdaq initial listing standards, we have not
otherwise imposed any obligations on the underwriters as to the maximum number of shares they may place with individual investors. If,
in the course of marketing the offering, the underwriters were to determine that demand for our shares was concentrated in a limited number
of investors and such investors determined to hold their shares after the offering rather than trade them in the market, other shareholders
could find the trading and price of our shares affected (positively or negatively) by the limited availability of our shares. If this
were to happen, investors could find our shares to be more volatile than they might otherwise anticipate. Companies that experience such
volatility in their share price may be more likely to be the subject of securities litigation. In addition, if a large portion of our
public float were to be held by a few investors, smaller investors may find it more difficult to sell their shares.

Nasdaq may delist our securities from trading
on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading
restrictions.

We have applied to have our
ordinary shares listed on Nasdaq and our application is currently under Nasdaq review. We cannot guarantee that our securities will be
approved for listing on Nasdaq; however, we will not complete our initial public offering unless we are so listed. Although after giving
effect to our initial public offering, we expect to meet, on a pro forma basis, the minimum initial listing standards set forth in the
Nasdaq listing standards, we cannot assure you that our securities will be, or will continue to be, listed on Nasdaq in the future. In
order to continue listing our securities on Nasdaq, we must maintain certain financial, distribution and stock price levels. Generally,
we must maintain a minimum amount in shareholders’ equity (generally $2,500,000) and a minimum number of holders of our securities
(generally 300 public holders). Additionally, we will be required to demonstrate compliance with Nasdaq’s initial listing requirements
after our initial public offering, which are more rigorous than Nasdaq’s continued listing requirements, in order to continue to
maintain the listing of our securities on Nasdaq. For instance, our share price would generally be required to be at least $4.00 per share