Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 297

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 297
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. This structure may be disallowed in future as a result of the promulgation of new PRC laws and regulations, which would likely result in a material change in our operations and/or a material change in the value of the securities that are registering for resale, including a significant decline in the value of such securities or such securities becoming worthless.For a description of our corporate structure, see “ Corporate History and Structure” on page 64.

We rely on dividends and other distributions on equity paid by our PRC subsidiaries for our cash and financing requirements and our distribution of earnings or settlement of amounts owed will be done through our PRC subsidiaries. If any of our PRC subsidiaries incurs debt on their own behalf in the future, the instruments governing such debt may restrict their ability to pay dividends to us. We are in the process of adopting our formal cash management policies which will dictate the purpose, amount and procedure of cash transfers among our holding company and our subsidiaries. Historically, one PRC operating entity provides financial support for other entities’ operations by inter -companyloans and we have not experienced difficulties or limitations on our ability to transfer cash between our PRC subsidiaries. For details on our cash management practice, see “ Prospectus Summary — Dividends and, Other Distributions and Assets Transfer among Xinxu and Its Subsidiaries” on page 11. Based on the advice of Ogier (Cayman) LLP, our Cayman legal counsel, there are no limitations imposed by Cayman Islands law on Xinxu’s ability to transfer cash between Xinxu and its investors, other than as set out under “Dividend Policy”.Among Xinxu and its subsidiaries, cash can be transferred from Xinxu and HK Xinxu, a Hong Kong limited company and wholly owned subsidiary of Xinxu, as needed in the form of capital contributions or shareholder loans, as the case may be, to the PRC subsidiaries as we are permitted under PRC laws and regulations to provide funding to our PRC subsidiaries through capital contributions or loans, and only if we satisfy the applicable government registration and approval requirements in China. We believe, as of the date of this prospectus, there is no restriction imposed by the Hong Kong government on the transfer of capital within, into and out of Hong Kong (including funds from Hong Kong to the PRC), except transfer of funds involving money laundering and criminal activities. The PRC government imposes controls on the conversion of RMB into foreign currencies and the remittance of currencies out of