Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 112

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 112
---
30,990,000                                                                            

The Company has evaluated subsequent
events through November 17, 2025. No other matters were identified affecting the accompanying financial statements or related disclosures.

NOTE 29 - CONDENSED FINANCIAL INFORMATION
OF THE PARENT COMPANY

Rule 12-04(a), 5-04(c) and 4-08(e)(3) of
Regulation S-X require the condensed financial information of the parent company to be filed when the restricted net assets
of consolidated subsidiaries exceed25percent of consolidated net assets as of the most recently completed fiscal year. The Company performed
a test on the restricted net assets of consolidated subsidiaries in accordance with such requirements and concluded that it was applicable
to the Company as the restricted net assets of the Company’s PRC subsidiary exceeded25% of the consolidated net assets of the Company,
therefore, the condensed financial statements for the parent company are included herein.

For purposes of the above test,
restricted net assets of consolidated subsidiaries shall mean that amount of the Company’s proportionate share of net assets of
consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred
to the parent company by subsidiaries in the form of loans, advances, or cash dividends without the consent of a third party.

The condensed financial information
of the parent company has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements
except that the parent company used the equity method to account for investment in its subsidiaries. Such investment is presented
on the condensed balance sheets as “ Investment in subsidiaries” and the respective profit or loss as “ Equity in earnings
of subsidiaries” on the condensed statements of comprehensive income.

The footnote disclosures contain
supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the
notes to the consolidated financial statements of the Company. Certain information and footnote disclosures normally included in financial
statements prepared in accordance with U. S GAAP have been condensed or omitted.

The Company did not pay any
dividend for the periods presented. As of June 30, 2025 and 2024, there were no material contingencies, significant provisions for
long-term obligations, or guarantees of the Company, except for those which have been separately disclosed in the consolidated financial
statements, if any.

F-29

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED

NOTE 29 - COND