Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 24

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 7
Chunk 24
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 the Company had advance to Wuhu Ruilian of nil, $29,100 and
$9,102, respectively.

Wuhu Xinxu Logistics Co., Ltd. (“ Xinxu Logistics”)

Xinxu Logistics, a
PRC company 100% controlled by two employees of Anhui Xinxu, provides logistics service to the Company. During the fiscal years
ended June 30, 2025, 2024 and 2023, transactions between the Company and Xinxu Logistics amounted to $7,208, $25,982 and $118,506,
respectively. As of June 30, 2025 and 2024, the Company had advance to Xinxu Logistics of $0 and $7,155, respectively. As
of June 30, 2023, the Company had outstanding accounts payable to Xinxu Logistics of $17,355.

Working capital provided by/to related parties

Mr. Jinchun
Cheng, our Chief Executive Officer, director and principal shareholder, periodically provides working capital to support the Company’s
operations when needed. As of June 30, 2025, 2024 and 2023, the Company had outstanding payable due to Jinchun Cheng with an amount
of $6,217,338, $4,995,280 and $5,508,444, respectively, which were unsecured,
interest-free and due on demand. During the fiscal year ended June 30, 2025, Jinchun Cheng provided $2,629,271 working
capital to the Company, and the Company returned $1,471,148 to him. During the fiscal year ended June 30, 2024, he provided $2,879,360
working capital to the Company, and the Company returned $3,496,716 to him. During the fiscal year ended June 30, 2023, Jinchun Cheng
provided $1,637,281 working capital to the Company, and the Company returned $4,931,733 to him.

The Company and Anhui Liangmao
Renewable Resources Utilization Co., Ltd. (“ Anhui Liangmao”), a PRC company controlled by an employee of Anhui Xinxu, periodically
provide working capital to support each other’s operations when needed. As of June 30, 2025, 2024 and 2023, the Company had
an outstanding