Company: XCH
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0000950170-25-056976
Chunk: 99

Company: XCHG Ltd
Filing Date: 2025-04-23
Form: 20-F
Item: Item 4
Chunk 99
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 through its offshore listing entity. The PRC domestic companies shall provide written statements on the implementation on the aforementioned rules to the relevant securities companies and securities service agencies and the PRC domestic companies shall not provide accounting files to an overseas accounting firm unless such firm comply with the corresponding procedures.

4.C. Organizational Structure
The following diagram illustrates our corporate structure, including all of our significant subsidiaries, as “significant” is defined under Section 1-02 of Regulation S-X under the Securities Act and certain other subsidiaries, as of the date of this annual report.
<{self.tag} alt="{self.alt}" src="{self.src}">Transfer of Funds and Other Assets
See “Item 3. Key Information—Transfer of Funds and Other Assets.”
4.D. Property, Plant and Equipment
Our principal executive offices are located in Germany and the PRC. Our sales center is located in Germany and our R&D centers are located in Germany and the PRC. As of December 31, 2024, we leased our premises in Germany, the PRC and the United States with an aggregate floor area of approximately 2,669 square meters under operating lease agreements from independent third parties. We believe that our existing facilities are generally adequate to meet our current needs, but we expect to seek additional space as needed to accommodate future growth.
In addition, we plan to construct a manufacturing plant in the United States to support localized production. The construction is expected to commence in or around 2026, with the completion date yet to be determined. The total estimated expenditure for the project is expected to range between US$5 to US$7.5 million, with no amounts paid as of now. The construction will be financed through proceeds from our initial public offering and other sources of funding. Upon completion, the facility is expected to significantly enhance our production capacity to meet growing market demand in the United States. It would also provide an opportunity to serve local customers more effectively by offering products tailored to regional preferences. By bringing production closer to key markets, we aim to improve operational efficiency and increase responsiveness. This initiative is part of our ongoing evaluation of strategies to align operations with emerging market opportunities and strengthen our presence in the region.