Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 301

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 301
---
RC domestic companies, or indirect offerings. The New Overseas Listing Rules requires (1) the filings of the overseas offering and listing plan by the PRC domestic companies with the CSRC under certain conditions, and (2) the filing of certain prescribed forms by their underwriters with the CSRC under certain conditions and the submission of an annual report of such filed underwriters to the CSRC within the required timeline. Based on the advice of our PRC counsel, King & Wood Mallesons, as our PRC subsidiaries accounted for more than 50% of our consolidated revenues, profit, total assets or net assets for the fiscal year ended June 30, 2024, and the key components of our operations are carried out in the PRC, the initial public offering is considered an indirect offering and we are subject to the filing requirements for the initial public offering under the New Overseas Listing Rules. Our CSRC filing for the initial public offering was submitted in March 2024. On February 24, 2025, the CSRC published a Filing Completion Notice on the CSRC’s official website (“Filing Completion Notice”), confirming that we have completed the filing procedures with the CSRC under the New Overseas Listing Rules. Additionally, we are not required to submit any filing to the CSRC for our resale offering, as the resale offering is being conducted by the selling shareholders, rather than by us, and will not result in any material change to our control or equity structure. However, there remain uncertainties in the interpretation and enforcement of these new laws and guidelines, which could materially and adversely impact our business and financial outlook. The PRC government has significant authority to exert influence on the ability of a China -basedcompany, such as our PRC subsidiaries, to conduct its business, accept foreign investments or list on a U.S. or other foreign exchange. The PRC government also has significant discretion over the conduct of our business and may intervene with or influence our operations or the development of our industry as it deems appropriate to further regulatory, political and societal goals. Furthermore, the PRC government has indicated an intent to exert more oversight and control over overseas securities offerings and foreign investment in China -basedcompanies. Any such action, once taken by the PRC government, may significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or in extreme cases, become worthless. See “ Risks Related to Doing Business in China — The CSRC has released the