Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 97

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 97
---
 of June 30,
2025 and 2024 consisted of the following:

                              2025          2024  
 ──────────────────────────────────────────────────
  Interest payable        $367,480      $302,758  
  Other payables           960,695       489,534  
  Total                 $1,328,175      $792,292  

NOTE 14 - TAX PAYABLE

As of June 30, 2025 and
2024, tax payable consisted of the following:

                                      2025                     2024                 
 ────────────────────────────────────────────────────────────────────────────────────
  Corporate tax payable               $           870,790      $           858,376  
  VAT payable                                      29,423                  958,995  
  Other tax payable (receivable)                ( 113,361                 ( 10,451  
                                                  786,852                1,806,920  

F-20

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED

NOTE 15 - GENERAL AND ADMINISTRATIVE
EXPENSES

General and administrative
expenses as of June 30, 2025, 2024 and 2023 consisted of the following:

                                              2025                     2024                     2023                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Employee compensation and benefits          $           961,976      $           705,542      $           532,263  
  Travel and communication expenses                        69,488                   68,041                   62,236  
  Consulting fees                                          59,445                  116,828                   79,718  
  Depreciation and amortization expenses                  105,981                   96,125                  127,870  
  Entertainment                                           144,159                  365,038                  251,556  
  Office and miscellaneous                                267,745                  412,013                  137,512  
  Total                                       $         1,608,794      $         1,763,587      $         1,191,155  

NOTE 16 - SELLING AND MARKETING
EXPENSES

Selling and marketing expenses
as of June 30, 2025, 2024 and 2023 consisted of the following:

                                          2025                   2024                   2023               
 ─────────────────────────────────────────────────