Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 43

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 10
Chunk 43
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 ourselves of the types of protections afforded by the Delaware business
combination statute. However, although the Companies Act does not regulate transactions between a company and its significant shareholders,
the directors of the company are required to comply with fiduciary duties which they owe to the company under Cayman Islands law, including
the duty to ensure that, in their opinion, such transactions must be entered into bona fide in the best interests of the company and
not with the effect of constituting a fraud on the minority shareholders.

Dissolution;
Winding up

Under
the Delaware General Corporation Law, unless the board of directors approves the proposal to dissolve, dissolution must be approved by
shareholders holding 100% of the total voting power of the corporation. Only if the dissolution is initiated by the board of directors
may it be approved by a simple majority of the corporation’s outstanding shares. Delaware law allows a Delaware corporation to
include in its certificate of incorporation a supermajority voting requirement in connection with dissolutions initiated by the board.

Under
the Companies Act and our MAA, our company may be wound up by a special resolution of our shareholders or if the winding up is initiated
by our board of directors, by either a special resolution of our members or, if our company is unable to pay its debts as they fall due,
by an ordinary resolution of our members. In addition, a company may be wound up by an order of the courts of the Cayman Islands. The
court has authority to order winding up in a number of specified circumstances including where it is, in the opinion of the court, just
and equitable to do so.

Variation
of Rights of Shares

Under
the Delaware General Corporation Law, a corporation may vary the rights of a class of shares with the approval of a majority of the outstanding
shares of such class, unless the certificate of incorporation provides otherwise. Under the Companies Act and our MAA, if our share capital
is divided into more than one class of shares, the rights attaching to any class of share (unless otherwise provided by the terms of
issue of the shares of that class) may be varied either with the consent in writing of the holders of not less than two-thirds of the
issued shares of that class, or with the sanction of a resolution passed by a majority of not less than two-thirds of the holders of
shares of the class present in person or by proxy at a separate general meeting of the holders of shares of that class.

Amendment
of Governing Documents