Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 112

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 112
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 the difference between its registered capital and its total investment amount as recorded in the Foreign Investment Comprehensive Management Information System. According to SAFE Circular19, RMB converted from the foreign currency -denominatedcapital of a foreign -investedcompany may not be directly or indirectly used for purposes beyond its business scope. According to SAFE Circular16, using RMB capital converted from foreign currency -denominatedregistered capital of a foreign -investedcompany to grant loans to associated enterprises is permitted. See “ Risk Factors — Risks Related to Doing Business in China — PRC regulation of loans to and direct investment in our PRC subsidiaries by offshore holding companies and governmental control of currency conversion may delay us from using the proceeds of this offering to make loans or additional capital contributions to our PRC subsidiaries, which could materially and adversely affect our liquidity and our ability to fund and expand our business.” Pending use of the net proceeds, we intend to hold our net proceeds in short -term, interest -bearing, financial instruments or demand deposits. 59 DIVIDEND POLICY Our board of directors has discretion regarding whether to declare or pay dividends, subject to applicable Cayman Islands law. In addition, our shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the amount recommended by our board of directors. In either case, all dividends are subject to certain restrictions under Cayman Islands law, namely that our company may only pay dividends out of profits or share premium, and provided always that we are able to pay our debts as they fall due in the ordinary course of business. Even if our board of directors decides to pay dividends, the form, frequency and amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that the board of directors may deem relevant. We have never declared or paid cash dividends on our shares. We currently do not have any plans to pay cash dividends. Rather, we currently intend to retain all of our available funds and any future earnings to operate and grow our business. Cash dividends on our ordinary shares, if any, will be paid in U.S. dollars. 60

CAPITALIZATION The following table sets forth our capitalization as of June30, 2024 as follows: •on an actual basis; •on a pro forma as adjusted basis to reflect the sale of [•] ordinary shares in this offering (without exercise of the underwriters’ over -allotmentoption), at an assumed initial public offering price of $[•] per share, the midpoint