Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 107

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 107
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 are poised to enhance our operations, increase our production capacity, and deliver locally manufactured consumer electronics and IoT solutions to our valued customers. 63 Experienced Management Team Our leadership team has decades of combined experience across various aspects of the communications sector, with more than 20 years of experience in major domestic and overseas electronics companies, having held leadership and management roles. Mr. Greg Foley, our Chief Executive Officer, has more than 25 years of experience in leading the sales and marketing of electronic products. Mr. James Liao, our Chief Technology Officer, has a background in electrical engineering and has been leading product innovation and development projects for more than 26 years. Mr. Haitao Cui, our Director and Executive Vice President, also has a background in electrical and engineering automation and over 24 years of experience in sales and marketing of electronics. Our experienced team comprehensively understands market dynamics, consumer demands, and technological trends. We rely on their insights and strategic decision -makingto effectively navigate the complex market and to adapt and grow amidst constantly changing industry conditions. Build-to-Order Business Model We manage our inventory and meet market demand through our build -to-orderbusiness model. Our sales begin with receiving bulk purchase orders with general product designs, specifications, and budgets from our customers, who are third -partydistributors specializing in selling mobile phones and tablets to end -usersthrough sales channels. We then provide our customers advice on adjustments and customize the products to secure the desired performance within their budget. Once the product specification is determined, we work with suppliers to build customized products that meet such our customers’ expectations. Over time, by listening to the demands and specifications of our customers, we have been able to deliver high -quality, high -performanceproducts that our customer trust and value. Our business model allows us to effectively manage inventory costs and mitigate risks associated with changes in customer demand. We secure steady revenue from bulk purchase orders placed by the customers. The orders we receive from customers provide us with a great opportunity to understand market trends and customer demand. Direct relationships with our customers give us an advantage in observing the changes in market demands. As a result, we can develop new models based on our understanding of the market. After establishing a market presence through our customers, we can further diversify our revenue and profit streams. We take our own Foxx -brandedproducts as an initiative to innovate. Our growth strategy involves reaching more end -usersthrough maintaining the relationship with current customers and cultivating relationship with new customers. We aim to optimize the balance of liquidity,