Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 74

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 74
---
 economic development in different locations. Companies operating in China are also required to withhold individual income tax on employees’ salaries based on the actual salary of each employee upon payment. As of the date of this prospectus, we provide social security insurance including pension, medical insurance, unemployment insurance, maternity insurance, on -the-jobinjury insurance and housing fund plans through a PRC government -mandatedbenefit contribution plan for most of our employees except for those who already purchased social security insurance in their local registered residences and voluntarily choose not to be enrolled in our social insurance program. Additionally, we did not make adequate contributions to the social security insurance. As a result, we may be required to pay the shortage of our contribution. If we are subject to late fees or fines in relation to the underpaid employee benefits, our financial condition and results of operations may be adversely affected. We are subject to a variety of environmental laws that could be costly for us to comply with, and we could incur liability if we fail to comply with such laws or if we are responsible for releases of pollutants to the environment. Substantially all of our operations are located in the PRC. Our production activities generate waste water, exhaust gas, solid waste and equipment noise. Chinese laws impose various environmental controls on the management, handling, generation, manufacturing, transportation, storage, use and disposal of waste water, exhaust gas, solid waste, equipment noise and other materials used or generated in the production of our products. Pursuant to the Regulations on the Administration of Pollutant Discharge Permits, we are required to obtain pollutant discharge permit from the local government. Failure to obtain such permit may subject us to fines of not less than RMB200,000 but not more than RMB1million, if the circumstance is serious, the said department shall report the case to the people’s government with the approval authority for approval, and order the entity to suspend business or close down. As of the date of this prospectus, we have obtained the pollutant discharge permit with the local government, expiring on January8, 2030. If we fail to comply with any other present or future environmental laws, we could be subject to fines, corrective action, other liabilities or the suspension of production, which may adversely affect our business, financial condition and results of operations. We pay great attention to environmental protection and governance. However, changes in environmental laws may result in costly compliance requirements or otherwise subject us to future fines, penalties or other liabilities. To the extent these changes affect our