Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 280

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 280
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 on the Company’s business, consolidated results of operations and financial condition. The Company purchased a substantial portion of raw materials from four suppliers who accounted for an aggregate of 55.57% of its total purchases during fiscal year 2025. As of June 30, 2025, the payable due to these suppliers was $ 3,369,671, representing 46.72% of total accounts payable. Beside the significant suppliers, there were payables due to another supplier that accounted for of 35.35% of total accounts payable as of June 30, 2025. The Company purchased a substantial portion of raw materials from three suppliers who accounted for an aggregate of 41.45% of its total purchases during the fiscal year ended June 30, 2024. As of June 30, 2024, there were no payable due to these suppliers being included in accounts payable. Other significant concentration of accounts payable included three other suppliers, who accounted for an aggregate of 77.21% of total accounts payable for the fiscal year ended June 30, 2024. The Company purchased a substantial portion of raw materials from three suppliers who accounted for an aggregate of 55.30% of its total purchases during fiscal year 2023. As of June 30, 2023, there is no payable due to these suppliers. Beside the significant suppliers, there were payables due to another three suppliers that accounted for an aggregate of 68.46% of total accounts payable as of June 30, 2023.

NOTE 21 — RELATED PARTY TRANSACTIONS

1) Nature of relationships with related parties

| Name                                                                        |     | Relationship with the Company                     |
| Jinchun Cheng                                                               |     | Controlling shareholder of the Company            |
| Wuhu Xinkaishun Surface Treatment Co., Ltd. (“Wuhu Xinkaishun”)             |     | An entity controlled by management of the Company |
| Anhui Pinqian Renewable Resources Utilization Co., Ltd. (“Anhui Pinqian”)   |     | An entity controlled by management of the Company |
| Anhui Liangmao Renewable Resources Utilization Co., Ltd. (“Anhui Liangmao”) |     | An entity controlled by management of the Company |
| Anhui Jingwei Recycling Co., Ltd. (“Anhui Jingwei”)                         |     | An entity controlled by management of the Company |
| Wuhu Ruilian Ec