Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 337

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 337
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 in China.We control and receive the economic benefits of our PRC subsidiaries’ business operation, if any, through equity ownership. We do not have, nor had we ever, have a variable interest entity (“VIE”) structure. Our corporate structure, i.e., a Cayman Islands holding company with operations conducted by our PRC subsidiaries, involves unique risks to investors. 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 69.

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 15. 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