Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 86

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 86
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 measures to tighten the costs of operations; (iii)Speeding up production cycle and shortening the delivery term to improve receivable turnover; and (iv)Implementing various strategies to enhance sales and profitability. The management has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Notwithstanding the foregoing, the going concern could materially limit our ability to raise additional funds through the issuance of equity or debt securities or otherwise. Future financial statements may include an explanatory paragraph with respect to our ability to continue as a going concern. Until we generate significant recurring revenues, we expect to satisfy our future cash needs through debt or equity financing. We cannot be certain 43 that additional funding will be available to us on acceptable terms, if at all. If funds are not available, we may be required to delay, reduce the scope of, or eliminate our development plans. This may raise substantial doubts about our ability to continue as a going concern. If we do not have or are unable to generate sufficient cash available to repay our secured debt obligations when they become due and payable, either upon maturity or in the event of a default, we may lose our rights to our assets, which could materially and adversely affect our liquidity and financial condition. Certain borrowings under our loan agreements with certain lenders and commercial banks are secured by our assets and guarantees from members of our management. Our loan agreements may also restrict our ability to, among other things: •dispose of or sell our assets; •make material changes in our business or management; •consolidate or merge with other entities; •incur additional indebtedness; •create liens on our assets; •pay dividends; •make investments; •enter into transactions with affiliates; and •pay off or redeem subordinated indebtedness. The operating and financial restrictions and covenants in our loan agreements, as well as any future financing agreements that we may enter into, could restrict our ability to finance our operations and to engage in, expand or otherwise pursue business activities and strategies that we or our shareholders may consider beneficial. If we do not have or are unable to generate sufficient cash available to repay our debt obligations when they become due and payable, either upon maturity or in the event of a default, we may lose our rights to our assets, which may materially and adversely affect our liquidity and financial condition. We may encounter difficulties expanding into new businesses or industries, which may affect adversely our results of operations and financial condition. We may encounter difficulties and face risks in connection with our expansion into new