Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 141

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 141
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 $211,072  
    $89,750  
    $211,072  
    $89,750 

Note 12 — Related party balances
and transactions

Related party balances

Amount due from related party

  Name of Related Party  Relationship  Nature  March 31, 2025   June 30, 2024                (Audited)   Azure Horizon LLC (“Azure”)  Owned by an immediate family member of the Company’s 10% or more shareholder  Paid on behalf fees  $-   $140  

17

Other payable — related
party

Other payable — related
party consists of the following:

  Name of Related Party  Relationship  Nature  March 31,  2025   June 30,  2024                (Audited)   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  $142,336   $51,168   Acri Capital Sponsor LLC  More than 10%  Shareholder of the Company  Unconverted working capital loan balance in ACAC   249,404    -   Total        $391,740   $51,168  

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

Related party transactions

Research and development expenses

  Name of Related Party  Relationship  For the Three Months Ended March 31,  2025   For the Three Months Ended March 31, 2024         (Unaudited)   (Unaudited)   Wuhan Haoxun(1)  Controlled by an immediate family member of the Company’s 10% or more shareholder  $22,792   $45,584  

  Name of Related Party  Relationship  For the  Nine Months Ended March 31,  2025   For the Nine Months Ended March 31, 2024         (Unaudited)   (Unaudited)   Wuhan Haoxun(1)  Controlled by an immediate family member of the Company’s 10% or more shareholder  $91,168