Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 277

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 277
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,362,720 |   |

Additions to property and equipment for the fiscal years ended June 30, 2024 and 2023 were $2,093,112 and $971,723, respectively. There were no disposals for the fiscal years ended June 30, 2024 and 2023. Depreciation expenses were $321,388 and $241,810 for the fiscal years ended June 30, 2024 and 2023, respectively. The depreciation expenses for both years were recorded within the general and administrative expenses. NOTE 10 — LAND USE RIGHTS, NET Land use rights as of June 30, 2024 and 2023 consisted of the following:

|                                |     |   |     2024 |   |     |   |     2023 |   |
|:-------------------------------|:----|:--|---------:|:--|:----|:--|---------:|:--|
| Land use rights, cost          |     | $ |  890,906 |   |     | $ |  892,860 |   |
| Less: accumulated amortization |     |   | (153,646 | ) |     |   | (136,156 | ) |
| Land use rights, net           |     | $ |  737,260 |   |     | $ |  756,704 |   |

The land use rights represent the Company’s land use rights of the land lots located in Wuhu, China, which had been pledged to secure the Company’s banking facilities granted to the Company as of June 30, 2024 and 2023. The carrying values of the pledged land use rights to secure bank borrowings by the Company are shown in Note 11. Amortization expenses were $17,891 and $18,589 for the fiscal years ended June 30, 2024 and 2023, respectively (the difference was due to exchange rate). The amortization expenses for both years were recorded within the general and administrative expenses. Five succeeding years of amortization are as following:

| Year |     | Amortization |        |     | Net carrying 
 value        |         |
|:-----|:----|:-------------|-------:|:----|:-------------|--------:|
| 2025 |     | $            | 17,818 |     | $            | 719,442 |
| 2026 |     |              |