Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1400

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7A
Chunk 1400
---
     -                              

F-22

Other
payable — related party

Other
payable — related party consists of the following:

  Name of Related Party   Relationship   Nature   June 30,  2025     June 30,  2024                           Wuhan Haoxun Communication Technology Co. Ltd (“Wuhan Haoxun”)(1)   Controlled by an immediate family member of the Company’s 10% or more shareholder   Research and development fees   $ 18,792     $ 51,168    Acri Capital Sponsor LLC   More than 10%  Shareholder of the Company   Unconverted working capital loan balance in ACAC     245,509       -    Swiftfulfill Warehouse LLC (“Swiftfulfill”) (2)   Owned by an immediate family member of the Company’s 10% or more shareholder   Consulting fees and expenses paid on behalf of the Company     8,566       -    “Joy” Yi Hua   Chairwoman, Chief Financial Officer and Director of the Company   Expenses paid on behalf of the Company     50       -    Total           $ 272,917     $ 51,168   

  (1) On September 1, 2022, the Company entered into an agreement with Wuhan Haoxun for the research and development project.  (2) On October 1, 2024, the Company entered into a consulting agreement to receive consulting services provided by, Swiftfulfill, a consulting company which is owned by an immediate family member of the Company’s more than 10% shareholder. 

Related
party transactions

Research
and development expenses

  Name of Related Party   Relationship   For the Year Ended June 30,  2025     For the Year Ended June 30, 2024                       Wuhan Haoxun(1)   Controlled by an immediate family member of the Company’s 10% or more shareholder   $ 136,752     $ 91,168   

  (1) On September 1, 2022, the Company entered into an agreement with Wuhan Haoxun for the research and development project. 

Consulting
expenses

  Name of Related Party  Relationship  For the Year Ended June 30,  2025   For the Year Ended June 30, 2024