Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1335

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7
Chunk 1335
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 shareholder 
    Prepaid service fees 
    $8,000
      
    $          - 

38

Other
payable — related party

Other
payable — related party consists of the following:

    Name of Related Party 
    Relationship  
    Nature 
    June 30,  2025  
    June 30,  2024 

    Wuhan Haoxun Communication Technology Co. Ltd (“Wuhan Haoxun”)(1) 
     Controlled by an immediate family member of the Company’s 10% or more shareholder  
    Research and development fees 
    $18,792  
    $51,168 
  
    Acri Capital Sponsor LLC 
     More than 10%  Shareholder of the Company  
    Unconverted working capital loan balance in ACAC 
     245,509  
     - 
  
    Swiftfulfill Warehouse LLC (“Swiftfulfill”) (2) 
     Owned by an immediate family member of the Company’s 10% or more shareholder  
    Consulting fees and expenses paid on behalf of the Company 
     8,566  
     - 
  
    “Joy” Yi Hua 
     Chairwoman, Chief Financial Officer and Director of the Company  
    Expenses paid on behalf of the Company 
     50  
     - 
  
    Total 

    $272,917  
    $51,168 

    (1)
    On September 1, 2022, the Company entered into an agreement with Company A for the research and development project.
  
    (2)
    On October 1, 2024, the Company entered into a consulting agreement to receive consulting services provided by a consulting company which is owned by an immediate family member of the Company’s more than 10% shareholder.

Research and development
expenses

    Name of Related Party 
    Relationship 
    For the Year Ended June 30,  2025  
    For the Year Ended 
June 30, 2024 

    Wuhan Haoxun(1) 
    Controlled by an immediate family member of the Company’s 10% or more shareholder 
    $136,752  
    $91,168 

(1)On
September 1, 2022, the Company entered into an agreement with Company A for the research and development project.

Consulting expenses