Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 176

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 176
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 |     |                 | 1,231,166 |   |
| Operating lease liabilities, current portion     |     |                 |  (180,451 | ) |
| Operating lease liabilities, non-current portion |     | $               | 1,050,715 |   |

Operating lease expenses consist of the following:

|                             | Operating lease cost |                             | Classification |            |       For the 
  Three Months 
         Ended 
 September 30, 
          2024 |     |            |       For the 
  Three Months 
         Ended 
 September 30, 
          2024 |
|:----------------------------|:---------------------|:----------------------------|:---------------|:-----------|--------------:|:----|:-----------|--------------:|
|                             |                      |                             |                | -Unaudited |               |     | -Unaudited |               |
| Lease expenses              |                      | General, and administrative |                | $          |        51,384 |     | $          |             — |
| Lease expenses – short term |                      | General, and administrative |                |            |         4,350 |     |            |         3,955 |
| Total operating lease cost  |                      |                             |                | $          |        55,734 |     | $          |         3,955 |

Note 20 — Commitments and contingencies Contingencies From time to time, the Company is a party to certain legal proceedings, as well as certain asserted and un -assertedclaims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated financial statements.

F-27

FOXX DEVELOPMENT HOLDINGS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 20 — Commitments and contingencies (cont.) Lease Commitment On July 12, 2024, the Company signed a seven -yearlease agreement to rent a warehouse for business operation with a monthly rent of $65,745, plus varied monthly CAM, for 50,573 square feet. The commencement date of this lease is February 1, 2025 and the termination date is January 31, 2032. On August 9, 2024, the Company expanded the existing lease to include additional 50,572 square feet from April 1, 2025 to January 31,