Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 36

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 10
Chunk 36
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 of such companies in the consolidated company. In order
to effect such a merger or consolidation, the directors of each constituent company must approve a written plan of merger or consolidation,
which must then be authorized by (a) a special resolution of the shareholders of each constituent company, and (b) such other authorization,
if any, as may be specified in such constituent company’s articles of association. The written plan of merger or consolidation must
be filed with the Registrar of Companies of the Cayman Islands together with, among other documents, a declaration as to the solvency
of the consolidated or surviving company, a declaration of the assets and liabilities of each constituent company, and (unless the surviving
or consolidated company is to be a non-Cayman Islands company) an undertaking that a copy of the certificate of merger or consolidation
will be given to the members and creditors of each constituent company and that notification of the merger or consolidation will be published
in the Cayman Islands Gazette. Court approval is not required for a merger or consolidation which is effected in compliance with these
statutory procedures.

A
merger between a Cayman Islands parent company and its Cayman Islands subsidiary or subsidiaries does not require authorization by a
resolution of shareholders if a copy of the plan of merger is given to every member of each subsidiary company to be merged unless the
member agrees otherwise. For this purpose, a subsidiary is a company of which at least 90% of the issued shares entitled to vote are
owned by the parent company.

The
consent of each holder of a fixed or floating security interest of a constituent company is required unless this requirement is waived
by a court in the Cayman Islands.

Except
in certain limited circumstances, a shareholder of a Cayman Islands constituent company is entitled to payment of the fair value of his
or her shares (which, if not agreed between the parties, will be determined by the Cayman Islands court) upon dissenting from a merger
or consolidation, providing the dissenting shareholder complies strictly with the procedures set out in the Companies Act. The exercise
of such dissenter rights will preclude the exercise by the dissenting shareholder of any other rights to which he or she might otherwise
be entitled by virtue of holding shares, except for the right to seek relief on the grounds that the merger or consolidation is void
or unlawful.

Separate
from the statutory provisions relating to mergers and consolidations, the Companies Act also contains statutory provisions that facilitate
the reconstruction and amalgamation of companies