Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 200

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 200
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 the 
 Year Ended 
   June 30, 
       2023 |
|:-------------|:----------------------|:---------------------------------------|:-------------|:--|-----------:|:----|:--|-----------:|
| Company A(1) |                       | Owned by the executives of the Company |              | $ |    324,000 |     | $ |     25,000 |

____________ (1)On September 1, 2022, the Company entered into a consulting agreement to receive consulting services provided by a consulting company which is owned by the executives of the Company. Note 12 — Short-term loans As of June 30, 2024 and 2023, the outstanding short -termloan from third parties consists of the following:

|                       |     |   | June 30, 
     2024 |     |   | June 30, 
     2023 |
|:----------------------|:----|:--|---------:|:----|:--|---------:|
| Lender A(1)           |     | $ |  261,208 |     | $ |  261,208 |
| Lender B(2)           |     |   |   30,000 |     |   |   30,000 |
| Total short-term loan |     | $ |  291,208 |     | $ |  291,208 |

____________ (1)On December 30, 2020, the Company entered into a loan agreement with a third -partylender. The agreement allows the Company to draw up to $600,000 and is non -interestbearing. The Company’s imputed interest is immaterial. During the years ended June 30, 2024 and 2023, the Company neither drew money from the lender, nor made any repayment. (2)On November 11, 2019, the Company entered into a loan agreement for an amount of $50,000 with a third -partylender. This loan is non -interestbearing. The Company’s imputed interest is immaterial. This loan had an original due date in February 2020 and automatically converted into a due on demand term thereafter. During the years ended June 30, 2024 and 2023, the Company neither drew money from the lender, nor made any repayment.

F-47 FOXX DEVELOPMENT INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 13