Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 155

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1A
Chunk 155
---
ITEM
1A. RISK FACTORS

Not applicable to smaller reporting companies.

ITEM
1B. UNRESOLVED STAFF COMMENTS

Not
applicable.

ITEM
1C. CYBERSECURITY

Risk
Management

In
connection with the Closing, on September 24, 2024, our Board of Directors approved our Cybersecurity Incident Response Policy (the “Cybersecurity
Policy”), We have integrated the processes as described in the Cybersecurity Policy into our overall risk management systems and
processes According to the Cybersecurity Policy, we routinely assess material risks from cybersecurity threats that may result in adverse
effects on the confidentiality, integrity, or availability of our information systems or any information residing therein.

Pursuant
to the Cybersecurity Policy, we conduct periodic risk assessments to identify cybersecurity threats, as well as assessments in the event
of a material change in our business practices that may affect information systems that are vulnerable to such cybersecurity threats.
These risk assessments include identification of reasonably foreseeable internal and external risks, the likelihood and potential damage
that could result from such risks, and the sufficiency of existing policies, procedures, systems, and safeguards in place to manage such
risks.

Following
these risk assessments, we re-design, implement, and maintain reasonable safeguards to minimize identified risks, reasonably address
any identified gaps in existing safeguards, and regularly monitor the effectiveness of our safeguards. We devote significant resources
and designate high-level personnel, including our Chief Technology Officer (“CTO”), James Liao, to manage the risk assessment
and mitigation process.

We
may engage consultants and other third parties as needed in connection with our risk assessment policies and processes. These service
providers assist us to design and implement our cybersecurity policies and procedures, as well as to monitor and test our safeguards.

We
require third-party service providers to certify their ability to implement and maintain appropriate security measures, consistent with
all applicable laws, to implement and maintain reasonable security measures in connection with their work with us, and to promptly report
any suspected breach of their security measures that may affect the Company.

As
part of our overall risk management strategies, we also conduct cybersecurity trainings for personnel at all levels and in all departments.

 Governance

One
of the key functions of our Board of Directors is informed oversight of our risk management process, including risks from cybersecurity
threats. Our Board of Directors is responsible for monitoring and assessing strategic risk exposure, and our executive officers are responsible
for the day-to-day management of the