Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 536

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1C
Chunk 536
---
 agreement to receive consulting services provided by a consulting company which is owned by an immediate family member of the Company’s more than 10% shareholder.

Research and development
expenses

    Name of Related Party 
    Relationship 
    For the Year Ended June 30,  2025  
    For the Year Ended 
June 30, 2024 

    Wuhan Haoxun(1) 
    Controlled by an immediate family member of the Company’s 10% or more shareholder 
    $136,752  
    $91,168 

(1)On
September 1, 2022, the Company entered into an agreement with Company A for the research and development project.

Consulting expenses

    Name of Related Party
     
    Relationship
     
    For the
Year
Ended
June 30, 
2025

    For the
Year
Ended
June 30,
2024

    Azure(1)
     
    Owned by an immediate family member of the Company’s 10% or more shareholder
     
    $
    485,200

    $
    324,000

    Swiftfulfill(2)
     
    Owned by an immediate family member of the Company’s 10% or more shareholder

    63,000

    -

    Total

    $
    548,200

    324,000

    (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 an immediate family member of the Company’s more than 10% shareholder.
  
    (2)
    
    On October 1, 2024, the Company entered
into a consulting agreement to receive consulting services provided by a consulting company which is owned by an immediate family member
of the Company’s more than 10% shareholder.

39

ITEM
14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Public
Accounting Fees

The
following chart sets forth public accounting fees in connection with services rendered by Marcum for the year ended on June 30, 2024
and through May 1, 2025 and CBIZ for the remainder of the fiscal year of June 30, 2025.

    2025  
    2024 
  
    Audit Fees 
    $425,652  
    $545,320 
  
    Audit-Related Fees 
     -