Company: XXC
Filing Date: 2025-09-18
Form Type: F-1/A
Source: 0001213900-25-089077
Chunk: 159

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-18
Form: F-1/A
Chunk 159
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 the Administration of Pollutant Discharge Permits, we are required to obtain a pollutant discharge permit from the local government. Failure to obtain such permit may subject us to fines between RMB200,000 and RMB1million, and if the circumstance is serious, the relevant authorities may order the entity to suspend business or shut down. As of the date of this prospectus, we have obtained the pollutant discharge permit with the local government, expiring on January8, 2030. In addition, we are required to submit quarterly reports on the actual discharge of wastewater with the national pollutant discharge permit information management platform (“Permit Platform”) and we are currently in compliance with such quarterly report requirement. In 2018, our “Cleaner Production Project” was approved by the local environmental protection authority for the construction of copper wash work station, warehouse and other facilities, which has been put into use in 2020. The environmental protection costs of such project were approximately RMB55,000. As of the date of this prospectus, we have completed the environmental protection testing and information publication as required by relevant PRC regulations, and we are not aware of any warning, order, investigations, prosecutions, disputes, claims or other proceedings in respect of environmental violation. If new products are developed in the future and environmental measures are needed according to law, we will take corresponding environmental protection measures according to relevant laws and regulations. We maintain sewage treatment systems, dust collectors and other environmental devices for environment protection. As of the date of this prospectus, we are not aware of any warning, investigations, prosecutions, disputes, claims or other proceedings in respect of environmental protection; however, we may get fined or penalized if we fail to file any quarterly wastewater discharge report on the Permit Platform timely or complete the acceptance and information publication within the correction period requested by the relevant government authorities. Our Competition The copper industry is intensely competitive, subject to rapid change and significantly affected by new product introductions and other market activities of industry participants. We believe that our position as high -qualityproducts and commercial performance, brand equity, science and innovation practice, and organizational approach differentiate us and help us maintain our market share in a highly competitive environment. 97 We believe the following companies may be our competitors, competing with us in one or more products among different end markets: •Ningbo Jintian Copper Industry (Group) Co., Ltd., founded in 1986, is committed to copper processing, high -techmaterials and non -ferrousm