Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 42

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 10
Chunk 42
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 board may be removed only for cause with the approval
of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise. Subject to the
provisions of our MAA (which include the removal of a director by ordinary resolution), the office of a director may be terminated forthwith
if (a) he is prohibited by the laws of the Cayman Islands from acting as a director, (b) he is made bankrupt or makes an arrangement
or composition with his creditors generally, (c) he resigns his office by notice to us, (d) he only held office as a director for a fixed
term and such term expires, (e) in the opinion of a registered medical practitioner by whom he is being treated he becomes physically
or mentally incapable of acting as a director, (f) he is given notice by the majority of the other directors (not being less than two
in number) to vacate office (without prejudice to any claim for damages for breach of any agreement relating to the provision of the
services of such director), (g) he is made subject to any law relating to mental health or incompetence, whether by court order or otherwise,
or (h) without the consent of the other directors, he is absent from meetings of directors for continuous period of six months.

Transactions
with Interested Shareholders

The
Delaware General Corporation Law contains a business combination statute applicable to Delaware corporations whereby, unless the corporation
has specifically elected not to be governed by such statute in its certificate of incorporation, it is prohibited from engaging in certain
business combinations with an “interested shareholder” for three years following the date that such person becomes an interested
shareholder. An interested shareholder generally is a person or a group who or which owns or owned 15% or more of the target’s
outstanding voting share within the past three years. This has the effect of limiting the ability of a potential acquirer to make a two-tiered
bid for the target in which all shareholders would not be treated equally. The statute does not apply if, among other things, prior to
the date on which such shareholder becomes an interested shareholder, the board of directors approves either the business combination
or the transaction which resulted in the person becoming an interested shareholder. This encourages any potential acquirer of a Delaware
corporation to negotiate the terms of any acquisition transaction with the target’s board of directors.

Cayman
Islands law has no comparable statute. As a result, we cannot avail