Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 191

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 191
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 diligence in keeping with a standard of care commensurate with any particular skill they have which enables them to meet a higher standard than a director without those skills. In fulfilling their duty of care to us, our directors must ensure compliance with our amended articles of association, as amended and restated from time to time. Our company has the right to seek damages if a duty owed by our directors is breached. A shareholder may in certain limited exceptional circumstances have the right to seek damages in our name if a duty owed by our directors is breached. You should refer to “ Description of Share Capital — Comparison of Cayman Islands Corporate Law and U.S. Corporate Law” for additional information on our standard of corporate governance under Cayman Islands law. Terms of Directors and Executive Officers Our directors are appointed by and serve at the discretion of our board of directors and the shareholders voting by ordinary resolution. Each director holds office until such time as they resign, are removed from office by ordinary resolution or otherwise ceases to be eligible to be a director of the company or have their office terminated in accordance with our articles of association. The office of a director will be vacated automatically if, among other things, the director becomes bankrupt or makes any arrangement or composition with his/her creditors generally or is found to be or in the opinion of a registered medical practitioner by whom he is being treated he becomes physically or mentally incapable of acting as a director. Our executive officers are appointed by and serve at the discretion of our board of directors. Employment Agreements Our executive officers do not have a written employment agreement with the Company; however, each of our executive officers has an employment agreement with Anhui Xinxu, one of our PRC subsidiaries. On January1, 2024, Mr.Jinchun Cheng, our Chief Executive Officer and director, and Anhui Xinxu entered into an employment agreement, pursuant to which he receives a monthly salary of RMB10,000 (approximately $1,376) plus performance pay and subsidies as the general manager of Anhui Xinxu. Mr.Cheng’s employment is based in Wuhu County, Anhui Province, for a term of one year from January1, 2024 to December31, 2024, which was renewed on January1, 2025 under similar terms for one year ending on December31, 2025. Mr.Cheng is entitled to participate in any benefit plans stipulated by both parties or required by the PRC laws. The employment agreement also contains customary coven