Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 93

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 93
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  Due diligence fees                  100,000                  100,000  
  Consulting fees                     765,746                  590,492  
  Total                   $         1,687,631      $         1,165,782  

F-17

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED

NOTE 8 - PROPERTY AND EQUIPMENT,
NET

Property and equipment as of
June 30, 2025 and 2024 consisted of the following:

                                                    2025             2024  
 ───────────────────────────────────────────────────────────────────────────
  Building                                    $2,986,912       $2,945,951  
  Transportation vehicles                        245,535          216,880  
  Electronic devices                             120,187          101,100  
  Office furniture and equipment                 152,495          145,827  
  Manufacturing devices                        3,396,497        2,771,717  
  Construction in progress (CIP)                 119,050          113,530  
  Total property and equipment, at cost        7,020,676        6,295,005  
  Less: accumulated depreciation             ( 2,658,904      ( 2,176,068  
  Property and equipment, net                 $4,361,772       $4,118,937  

Additions to property and equipment
for the fiscal years ended June 30, 2025 and 2024 were $640,480and $2,093,112, respectively. The disposals for the fiscal years
ended June 30, 2025 and 2024 were $10,380and $0, respectively.

Depreciation expenses were
$457,985, $321,388 and $ 241,810for the fiscal years ended June 30,
2025, 2024 and 2023, respectively. The depreciation expenses for both years were recorded within the general and administrative expenses.

NOTE 9 - LAND USE RIGHTS, NET

Land use rights as of June 30,
2025 and 2024 consisted of the following:

                                           2025           2024  
 ────────────────────────────────────────────────────────────────
  Land use rights, cost                $903,791       $890,906  
  Less: accumulated amortization      ( 173,912      ( 153,646  
  Land use rights, net                 $729