Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 103

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 103
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 During the fiscal year ended June 30, 2024, Anhui Liangmao
provided $2,773,779working capital to the Company, and the Company returned $2,631,076to Anhui Liangmao.

The Company and Anhui Jingwei
periodically provide working capital to support each other’s operations when needed. As of June 30, 2025 and 2024, the Company
had receivable due from Anhui Jingwei of$0and $5,228, respectively. Anhui Jingwei provided $1,897,620working capital to the Company,
and the Company returned $1,892,354to Anhui Jingwei during the fiscal year ended June 30, 2025. Anhui Jingwei provided $3,275,800working capital to the Company, and the Company returned $4,571,060to Anhui Jingwei during the fiscal year ended June 30, 2024.

3) Related party balances

Net outstanding balances with
related parties consisted of the following as of June 30, 2025 and 2024:

  Accounts                     Name of related party      June 30,                     June 30,                 
                                                          2025                         2024                     
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Due from related party:                                                                                       
                               Anhui Jingwei              $             —                                5,228  
  Due to related party:                                                                                         
                               Jinchun Cheng                            6,217,338                    4,995,280  
                               Anhui Liangmao                           —                              148,613  
                                                          $             6,217,338      $             5,143,893  

NOTE 22 - SHAREHOLDERS’ EQUITY

Ordinary shares

The Company is authorized to
issue780,000,000ordinary shares of a single class, par value HK$0.0005, or $0.00006375, per ordinary share. The additional paid in capital
was $2,798,895as of June 30, 2025. There are currently20,000,000issued and outstanding ordinary shares.

F-24

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED

NOTE 22 - SHAREHOLDERS’ EQUITY(cont.)

Special Reserve, Statutory Reserve and Restricted
Net Assets

In accordance