Company: XXC
Filing Date: 2025-09-18
Form Type: F-1/A
Source: 0001213900-25-089077
Chunk: 295

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-18
Form: F-1/A
Chunk 295
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 |     | 2024 |   |     | 2023 |        |   |
|:----------------------------------|:----|:-----|:--|:----|:-----|-------:|:--|
| Current income tax                |     | $    | — |     | $    | 36,260 |   |
| Deferred income tax               |     |      | — |     |      | (4,447 | ) |
| Total income tax (refund) expense |     | $    | — |     | $    | 31,813 |   |

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of June 30, 2024 and 2023 are presented below:

|                                     |     | As of June 30, |         |     |      |         |
|                                     |     |           2024 |         |     | 2023 |         |
| Deferred tax assets:                |     |                |         |     |      |         |
| Bad debts and impairment provisions |     |                |  79,563 |     |      |  79,738 |
| Safety production funds             |     |                | 389,930 |     |      | 390,785 |
| Total                               |     |              $ | 469,493 |     |    $ | 470,523 |

The Company follows the liability method of accounting for income taxes in accordance with ASC 740 (“ASC 740”), Income Taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to be reversed. The Company would record a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more -likely - than-notthat some portion, or all, of the deferred tax assets, will not be realized. The effect on deferred taxes of a change in tax rate is recognized in tax expense in the period that includes the enactment date of the change in tax rate. There was no valuation allowance for the deferred tax assets as of June 30, 2024 and 2023. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax