Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 35

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 10
Chunk 35
---
 Cayman Islands
may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary
company except that an exempted company:

  does not have to file an annual return of its shareholders  

  is not required to open its register of members for inspection;  

  does not have to hold an annual general meeting;  

  may issue shares with no par value;  
 ───────────────────────────────────────

  may obtain an undertaking against the imposition of any future                      
  taxation (such undertakings are usually given for 20 years in the first instance);  
 ──────────────────────────────────────────────────────────────────────────────────────

  may register by way of continuation in another jurisdiction  
  and be deregistered in the Cayman Islands;                   
 ───────────────────────────────────────────────────────────────

  may register as a limited duration company; and  
 ───────────────────────────────────────────────────

  may register as a segregated portfolio company.  
 ───────────────────────────────────────────────────

“ Limited liability”
means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company.

Comparison of Cayman Islands Corporate Law
and U. S. Corporate Law

Cayman Islands companies are
governed by the Companies Act and by the common law of the Cayman Islands. The Companies Act is derived, to a large extent, from the older
Companies Acts of England and Wales but does not follow recent United Kingdom statutory enactments. Accordingly there are significant
differences between the Companies Act and the current Companies Act of the UK. In addition, the Companies Act differs from laws applicable
to United States corporations and their shareholders. Set forth below is a summary of certain significant differences between the provisions
of the Companies Act applicable to us and the laws applicable to companies incorporated in the United States and their shareholders.

Mergers and Similar Arrangements

The Companies Act permits mergers and consolidations
between Cayman Islands companies and between Cayman Islands companies and non-Cayman Islands companies. For these purposes, (a) “merger”
means the merging of two or more constituent companies and the vesting of their undertaking, property, and liabilities in one of such
companies as the surviving company, and (b) a “consolidation” means the combination of two or more constituent companies into
a combined company and the vesting of the undertaking, property and liabilities