Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 45

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 45
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 trading activities and that impose liability on insiders who profit from trades made in a short period of time; and •the rules under the Exchange Act that require the filing with the SEC of quarterly reports on Form 10 -Q, containing unaudited financial and other specified information, and current reports on Form 8 -K, upon the occurrence of specified significant events. We will file with the SEC, within four months after the end of each fiscal year (or such other reports required by the SEC), an annual report on Form 20 -Fcontaining financial statements audited by an independent registered public accounting firm. We may take advantage of these exemptions until such time as we are no longer a foreign private issuer. We would cease to be a foreign private issuer at such time as more than 50% of our outstanding voting securities are held by U.S. residents and any of the following three circumstances applies: (i) the majority of our executive officers or directors are U.S. citizens or residents, (ii) more than 50% of our assets are located in the United States or (iii) our business is administered principally in the United States. Both foreign private issuers and emerging growth companies are also exempt from certain of the more extensive SEC executive compensation disclosure rules. Therefore, if we no longer qualify as an emerging growth company but remain a foreign private issuer, we will continue to be exempt from such rules and will continue to be permitted to follow our home country practice as to the disclosure of such matters. 22 Implications of Being a Controlled Company Under the Nasdaq Rules, a controlled company is a company of which more than 50% of the voting power for the election of directors is held by an individual, a group or another company. We may be deemed a controlled company because we anticipate that Mr.Jinchun Cheng, our Chief Executive Officer and director, will own more than 50% of our voting power following the completion of this offering. For so long as we remain a controlled company, we are exempt from the obligation to comply with certain Nasdaq corporate governance requirements, including: •our board of directors is not required to be comprised of a majority of independent directors; •our board of directors is not subject to the compensation committee requirement; and •we are not subject to the requirements that director nominees be selected either by the independent directors or a nomination committee comprised solely of independent directors. The controlled company exemptions do not apply to the audit committee requirement or the requirement for executive sessions of independent directors. We are required to disclose in