Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 39

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 39
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 end of such five -yearperiod. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act, for complying with new or revised accounting standards. We have elected to take advantage of this extended transition period. Implications of Being a Foreign Private Issuer We will report under the Exchange Act, as a non -U.S. company with “foreign private issuer” status. Even after we no longer qualify as an emerging growth company, so long as we qualify as a foreign private issuer under the Exchange Act, we will be exempted from certain provisions of the Exchange Act and the rules thereunder that are applicable to U.S. domestic public companies, including: •the rules under the Exchange Act that require U.S. domestic public companies to issue financial statements prepared under U.S. GAAP; •the sections of the Exchange Act that regulate the solicitation of proxies, consents or authorizations in respect of any securities registered under the Exchange Act; 17 •the sections of the Exchange Act that require insiders to file public reports of their share ownership and trading activities and that impose liability on insiders who profit from trades made in a short period of time; and •the rules under the Exchange Act that require the filing with the SEC of quarterly reports on Form 10 -Q, containing unaudited financial and other specified information, and current reports on Form 8 -K, upon the occurrence of specified significant events. We will file with the SEC, within four months after the end of each fiscal year (or such other reports required by the SEC), an annual report on Form 20 -Fcontaining financial statements audited by an independent registered public accounting firm. We may take advantage of these exemptions until such time as we are no longer a foreign private issuer. We would cease to be a foreign private issuer at such time as more than 50% of our outstanding voting securities are held by U.S. residents and any of the following three circumstances applies: (i) the majority of our executive officers or directors are U.S. citizens or residents, (ii) more than 50% of our assets are located in the United States or (iii) our business is administered principally in the United States. Both foreign private issuers and emerging growth companies are also exempt from certain of the more extensive SEC executive compensation disclosure rules. Therefore, if we no longer qualify as an emerging growth company but remain a foreign private issuer, we