Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 157

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 157
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 packaging requirements; •some customer sales include breach of contract liabilities, usually 0.05% of total purchase amount as liquidated damages by the defaulting party; •product return or replacement in case of incompliance with contract terms; and •dispute solutions, including bringing a lawsuit at the local People’s court if negotiations are unsuccessful. As of the date of the prospectus, we have fulfilled all purchase orders and have not been subject to any legal proceeding since inception; no penalty has ever been incurred by us due to our delay of delivering products and we always comply with the material terms set forth in the purchase orders. In the case of delay of delivery, we normally negotiate first and solve the issues in an amicable way, which is generally not considered as a violation of purchase orders. Although our product sales to our customers are per -ordertransactions, we have long -termand stable relationships with our customers. For additional information see “ Risk Factors — Risks Related to Our Business — We do not have long -term contractual agreements with any of our customers, and our sales could be reduced if our customers switch some or all of their business with us to other suppliers.” 93 Our Suppliers We manufacture our products primarily using copper cathode and scrap copper wires (both internally generated and externally sourced) as raw materials. As of the date of this prospectus, we had a total number of 98 suppliers. For the six months ended December31, 2024, our top five suppliers accounted for an aggregate of approximately 68.63% of our total purchases. For the fiscal year ended June30, 2024, our top three suppliers accounted for approximately an aggregate of 41.45% of our total purchases. For the fiscal year ended June30, 2023, our top three suppliers accounted for approximately an aggregate of 55.30% of our total purchases. We have written long -termagreements with a small number of our suppliers (including some of our top suppliers), with the key terms as below: •the product’s name, quantity (usually on a monthly basis), price calculation and delivery terms; •quality standard, inspection, packaging and payment terms; and •breach terms and liquidated damages in some agreements. For most of suppliers with whom we do not have long -termagreements, including some of our top suppliers, each purchase with such suppliers is typically governed by a brief purchase order. The key terms of such purchase order are as below: •the product’s name, type, quantity,