Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 115

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 115
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 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. 62 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. 63 CAPITALIZATION The following table sets forth our capitalization as of December 31, 2024 as follows: •on an actual basis; •on a pro forma as adjusted basis to reflect the sale of approximately 1,500,000 ordinary shares in this offering (without exercise of the underwriters’ over -allotmentoption), at an assumed initial public offering price of $4.50 per share, the midpoint of the estimated price range set forth on the cover page of this prospectus, after deducting the underwriting discounts, non -accountableexpense allowance and estimated offering expenses payable by us; and •on a pro forma as adjusted basis to reflect the sale of approximately 1,725,000 ordinary shares in this offering (with full exercise of the underwriter’s over -allotmentoption), at an assumed initial public offering price of $4.50 per share, the midpoint of the estimated price range set forth on the cover page of this prospectus, after deducting the underwriting discounts, non -accountableexpense allowance and estimated offering expenses payable by us. The adjustments reflected below are subject to change and are based upon available information and certain assumptions that we believe are reasonable. Total shareholders’ equity and total capital