Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 20

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1
Chunk 20
---
isters its cybersecurity risk oversight function
primarily through the Audit Committee. Our CIO provides periodic briefings to the Audit Committee regarding our cybersecurity risks and
activities, including any recent cybersecurity incidents and related responses, cybersecurity policies and procedures, activities of
third parties, and the like.

15

Our
CTO, James Liao, and senior vice president of the Operating Subsidiary, Ruobing Yu, constitute our cybersecurity incident management
team and are primarily responsible to assess and manage our material risks from cybersecurity threats. Our CTO has over 25 years in consumer
electronics and telecommunication sectors and has a professional background in computer science and engineering, which enables him to
oversee our IT systems efficiently.

As
part of the executive team reporting to the Board, our CTO oversees our cybersecurity policies and processes, including those described
in “Risk Management” above. The processes by which our CTO is informed of and monitors the prevention, detection, mitigation,
and remediation of cybersecurity incidents include log review from IT and operations teams or reports received from network systems and
applications if any unusual activity occurs, such as email system notification of items opened that could be malicious.

ITEM
2. PROPERTIES

Our corporate headquarters are located in 15375 Barranca Parkway C106,
Irvine, CA. Our facilities are leased from independent third parties. The lease terms range from 1 to 7 years, with the option to
renew upon expiration. We believe our current facilities are generally sufficient for our present needs.

    Location 
    Square Footage  
    Purpose (Office or Manufacturing) 
    Lease Expiration Date 
    Monthly Payments 
  
    Irvine, CA 
     1,548  
    Flex Space 
    09/30/2026 
    $3,653.28 
  
    San Diego, CA 
     2,800  
    Office 
    05/31/2031 
    $3605.00 
  
    Alpharetta, GA 
     300  
    Office 
    02/14/2026 
    $591.25 

ITEM
3. LEGAL PROCEEDINGS

From
time to time, we may be subject to legal proceedings and claims in the ordinary course of business. Currently, we are not a party to
any material legal proceedings or subject to any material claims, except as disclosed below.

On November 22, 2024, Ximena Sem