Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 284

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 284
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 0.0005, or $ 0.00006375, per ordinary share. The additional paid in capital was $ 2,798,895as of June 30, 2025. There are currently 20,000,000issued and outstanding ordinary shares. Special Reserve, Statutory Reserve and Restricted Net Assets In accordance with the regulations of the PRC State Administration of Work Safety, the Company’s subsidiary, Anhui Xinxu Ltd.is required to incur safety production funds, which will be used for enhancement of production safety and improvement of facilities at the rate of: 3% of the actual sales income for the year below RMB 10million; 1.5% of the actual sales income for the year between RMB 10million and RMB 100million (included); 0.5% of the actual sales income for the year between RMB 100million and RMB 1billion (included); 0.2% of the actual sales income for the year between RMB 1billion and RMB 5billion (included); 0.1% of the actual sales income for the year between RMB 5billion and RMB 10billion (included); 0.05% of the actual sales income for the year above RMB 10billion. Company has an option of not appropriating the safety production funds after the reserve is equal to 5% of the subsidiary’s last fiscal year sales revenue. As of June 30, 2025 and 2024, the Company appropriated safety production funds, which were included in the special reserve under equity, in the amount of $ 2,686,899for both years. Under PRC laws and regulations, special reserves are restricted to set off against the cost from enhancement of production safety and improvement of facilities, and are not distributable in terms of cash dividends, loans or advances except under liquidation. Pursuant to Chinese Company law applicable to foreign investment companies, the Company’s PRC subsidiaries are required to maintain statutory surplus reserves. The statutory surplus reserves are to be appropriated from net income after taxes and should be at least 10% of the after -taxnet income determined in accordance with accounting principles and relevant financial regulations applicable to PRC enterprises (“non -USGAAP”). The Company has an option of not appropriating the statutory surplus reserve after the statutory surplus reserve is equal to 50% of the subsidiary’s registered capital. Statutory surplus reserves are recorded