Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 78

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 78
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10, 2021       100% owned by HK Xinxu     
  Anhui Xinxu New Material Co., Ltd. (“ Anhui Xinxu”)              PRC                                                  January 5, 2012         100% owned by Anhui Heri   
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Supreme Highness Limited (“ HK Xinxu”)

HK Xinxu was incorporated on
September 15, 2017 under the laws of Hong Kong and is a wholly owned subsidiary of Xinxu Group. The paid in capital of HK Xinxu
was zero as of June 30, 2025. HK Xinxu did not have any operations as of June 30, 2025.

Anhui Heri Information Technology Co., Ltd
(“ Anhui Heri”)

Anhui Heri was incorporated
on November 10, 2021 in China, and is a wholly owned subsidiary of HK Xinxu. Anhui Heri is a wholly foreign owned enterprise organized
under the laws of the PRC. The paid in capital of Anhui Heri was zero as of June 30, 2025. Anhui Heri did not have any operations
as of June 30, 2025.

Anhui Xinxu New Material Co., Ltd (“ Anhui
Xinxu”)

Anhui Xinxu was incorporated
on January 5, 2012 under the laws of the People’s Republic of China. Its paid-in capital was RMB23,240,173as of June 30,
2025.

Anhui Xinxu is a manufacturer
of non-ferrous products and is primarily engaged in the research and development (“ R& D”), fabricating and processing,
and sales and distribution of processed copper and copper alloy products, including but not limited to, T2 purple copper bars, tin-plated copper
bars, copper rods, and electrolytic copper.

Reorganization

In November 2021, Xinxu
Group and its subsidiaries (collectively the “ Company”) completed a corporate reorganization to roll two controlled entities
(now referred to as the subsidiaries) under the control of one corporation. Before the reorganization,98% of Anhui Xinxu’s equity
interest was held by Jinchun Cheng, and the remaining2% was held