Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 329

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 329
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 to the Company. Amounts restricted include paid -incapital, additional paid -incapital and the statutory reserves of the Company’s PRC subsidiaries. The aggregate amounts of capital and statutory reserves restricted which represented the amount of net assets of the relevant subsidiaries in the Company not available for distribution were $5,487,069 as of December 31 and June 30, 2024, respectively. Under PRC laws and regulations, statutory surplus reserves are restricted to set -offagainst losses, expansion of production and operation and increasing registered capital of the respective company and are not distributable other than upon liquidation. The reserves are not allowed to be transferred to the Company in terms of cash dividends, loans or advances, nor allowed for distribution except under liquidation. NOTE 24 — INCOME TAXES Enterprise Income Taxes (“EIT”) Xinxu Copper Industry Technology Limited is incorporated in Cayman Island as an offshore holding company and is not subject to tax on income or capital gain under the laws of Cayman Island. Supreme Highness Limited is established in Hong Kong and is subject to statutory income tax rate at 16.5%. Anhui Hori Information Technology Co., Ltd is established in PRC and is subject to statutory income tax rate at 25%. F-56

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS NOTE 24 — INCOME TAXES (cont.) Anhui Xinxu New Material Co., Ltd is the Company’s main operating subsidiary in PRC. Anhui Xinxu is a high technology company and has applicable EIT rate of 15%. As of December 31, 2024, the tax years ended December 31, 2019 through December 31, 2024 for the Company’s PRC entities remain open for statutory examination by PRC tax authorities. The Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. As of December 31, 2024, and 2023, the Company did not have any significant unrecognized uncertain tax positions. The Company did not incur any interest and penalties related to potential underpaid income tax expenses for the six months ended December 31, 2024, and 2023, respectively, and does not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from June 30,