Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 98

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 98
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──────────────────────────────────────────────────────────
  Employee compensation and benefits      $         189,117      $         109,585      $         113,807  
  Travel and transportation                          45,770                 40,189                 28,288  
  Shipping and packing                              114,558                 58,120                 81,789  
  Entertainment                                       5,182                 10,545                  6,946  
  Office and miscellaneous                              519                    256                  1,684  
  Total                                   $         355,146      $         218,695      $         232,514  

NOTE 17 - RESEARCH AND DEVELOPMENT
EXPENSES

R& D expenses as of June 30,
2025, 2024 and 2023 consisted of the following:

                                          2025                     2024                     2023               
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Employee compensation and benefits      $           881,957      $           588,930      $         112,187  
  Materials                                            46,482                  422,284                400,886  
  Office and miscellaneous                            436,182                   92,592                 17,989  
  Total                                   $         1,364,591      $         1,103,806      $         531,062  

NOTE 18 - INTEREST EXPENSE, NET

The following table shows the
details of net interest income (expense) for the fiscal years ended June 30, 2025, 2024 and 2023:

                                   2025                     2024                     2023                 
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest expense                 $         ( 472,656      $         ( 394,245      $         ( 404,495  
  Interest income                                  177                    1,830                   59,453  
  Total interest expense, net      $         ( 472,479      $         ( 392,415      $         ( 345,042  

F-21

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED

NOTE 19 - OTHER INCOME, NET

The following table shows the
details of net other income (expenses) for the fiscal years ended June30, 2025, 2024 and 2023: