Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 164

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 164
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; •pricing competitiveness; and •fast and convenient logistics. Even though we operate in an intensively competitive industry, many companies in our industry have substantially greater financial resources, longer operating histories, broader product portfolios, broader market presence, longer standing relationships with distributors and suppliers, larger production and distribution capabilities, and higher measures of market penetration or brand recognition on an absolute level, we believe that we effectively compete with respect to each of the above factors. Material Agreements Set forth below is a summary of the material agreements to which we are a party entered into within the preceding three years from the date hereof, excluding the contracts entered into in the ordinary course of our business. Agreement with Wuhu Wanzhi Local Financial Regulatory Bureau On June11, 2021, Anhui Xinxu entered into a listing expenses loan agreement with Wuhu Wanzhi Local Financial Regulatory Bureau (the “Wuhu Financial Bureau”), a local financial supervision government bureau. Pursuant to this agreement, the Wuhu Financial Bureau will provide Anhui Xinxu with the loan in the amount of RMB 4,000,000 for its expenses related to the listing on Nasdaq only, with loan period from June11, 2021 to June10, 2023. The agreement was subsequently renewed on June11, 2023 with the amended loan period from June11, 2023 to June10, 2025. 98 Provided that Anhui Xinxu is successfully listed on Nasdaq during the loan period, the loan will be automatically converted as listing bonus to Anhui Xinxu without charging any interest; however, should Anhui Xinu fail to successfully list on Nasdaq or terminate its plan of listing on Nasdaq, Anhui Xinxu should repay the full loan amount plus interest, as calculated by the then China 5 -yearloan prime rate from the starting date of the loan, in lump sum to Wuhu Financial Bureau upon the expiration of the loan term. Anhui Xinxu shall use its own assets, including equipment and real property, to provide counter -guaranteeto Wuhu County Small and Medium Enterprise Financing Guarantee Limited, which will provide the full amount guarantee to Wuhu Financial Bureau for the loan repayment. In the event Anhui Xinxu fails to repay the full loan amount plus interests within one month of the expiration of the loan period, the interests will be calculated by 0.8% higher than the then current