Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 25

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 7
Chunk 25
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 payable due to Anhui Liangmao of nil, $148,613 and $6,757, respectively, which
were unsecured, interest-free and due on demand. During the fiscal year ended June 30, 2025, Anhui Liangmao provided
$1,854,650 working capital to the Company, and the Company returned $2,004,352 to Anhui Liangmao. During the fiscal year ended June 30,
2024, Anhui Liangmao provided $2,773,779 working capital to the Company, and the Company returned $2,631,076 to Anhui Liangmao. Anhui
Liangmao provided $6,757 working capital to the Company during the fiscal year ended June 30, 2023.

The Company and Anhui Jingwei
Recycling Co., Ltd. (“ Anhui Jingwei”), a PRC company 99% controlled by a deputy general manager of Anhui Xinxu, periodically
provide working capital to support each other’s operations when needed. As of June 30, 2025 and 2024, the Company had receivable
due from Anhui Jingwei of $0 and $5,228, respectively. As of June 30, 2023,
the Company had outstanding payable due to Anhui Jingwei of $1,285,287. Anhui Jingwei provided $1,897,620 working capital to the
Company, and the Company returned $1,892,354 to Anhui Jingwei during the fiscal year ended June 30, 2025. Anhui Jingwei provided
$3,275,800 working capital to the Company, and the Company returned $4,571,060 to Anhui Jingwei during the fiscal year ended June 30,
2024. Anhui Jingwei provided $2,864,703 working capital to the Company, and the
Company returned $1,524,390 to Anhui Jingwei during the fiscal year ended June 30, 2023.

Related party balances

Net outstanding balances with
related parties consisted of the following as of June 30, 2025, 2024 and 2023:

  Accounts                     Name of related party      June 30,                     June 30,                     June 30,                 
                                                          2025                         2024                         2023                     
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