Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 6

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 6
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 % of our outstanding ordinary shares and is expected to own approximately 73.02 % of our outstanding ordinary shares upon the completion of this offering assuming no exercise of the underwriters’ over -allotment option . For more information regarding Mr. Cheng’s beneficial ownership, see “ Principal Shareholders ” and “ Risk Factors — Our Chief Executive Officer and director, Mr. Jinchun Cheng, has control over our company. His interests may not be aligned with the interests of our other shareholders, and he could prevent or cause a change of control or other transactions. ” As a result of Mr. Cheng’s significant ownership, we may be deemed a “controlled company” under Nasdaq Rules. However, we do not intend to avail ourselves of the corporate governance exemptions offered to a “controlled company” under the Nasdaq Rules. See “ Prospectus Summary — Implications of Being a Controlled Company. ” We are an “emerging growth company” and a “foreign private issuer” as defined under the U.S. federal securities laws and, as such, may elect to comply with certain reduced public company reporting requirements for this and future filings. We are also a “controlled company” under the Nasdaq Rules. See “ Prospectus Summary — Implications of Being an Emerging Growth Company” and, “Prospectus Summary — Implications of Being a Foreign Private Issuer” and “ Prospectus Summary — Controlled Company ” . There are significant legal and operational risks associated with having operating structure as a Cayman Islands holding company with substantially all of the operations conducted by our PRC subsidiaries in China, including changes in the legal, political and economic policies of the Chinese government, the relations between China and the United States, or PRC or United States regulations, which risks could result in a material change in our operations and/or the value of the securities we are registering for sale, or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless. Given the PRC government’s authority, oversight may also extend to Supreme Highness Limited (“HK Xinxu”), our Hong Kong subsidiary, and the legal and operational risks associated with operating in mainland China could also apply to HK Xinxu. Hong Kong is a special administrative region of the PRC and the basic policies of the PRC regarding Hong Kong are reflected in the Basic Law, namely, Hong Kong’s constitutional document, which provides Hong Kong with a high degree of autonomy and executive, legislative and independent judicial powers