Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 225

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 225
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 with limited liability and, as such, have received an undertaking dated April11, 2022 from the Financial Secretary of the Cayman Islands in the following form: The Tax Concessions Law
(Revised)
Undertaking as to Tax Concessions In accordance with the Tax Concessions Law, the with the following undertaking is given to Xinxu Copper Industry Technology Limited: (a)that no Law which is hereafter enacted in the Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations; and 132 (b)in addition, that no tax to be levied on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable: (i)on or in respect of the shares, debentures or other obligations of the Company; or (ii)by way of the withholding in whole or part, of any relevant payment as defined in the Tax Concessions Law. These concessions shall be for a period of 20 years from the date of the undertaking. People’s Republic of China Taxation Under the EIT Law, an enterprise established outside the PRC with a “de facto management body” within the PRC is considered a PRC resident enterprise for PRC enterprise income tax purposes and is generally subject to a uniform 25% enterprise income tax rate on its worldwide income as well as tax reporting obligations. Under the Implementation Rules, a “de facto management body” is defined as a body that has material and overall management and control over the manufacturing and business operations, personnel and human resources, finances and properties of an enterprise. In addition, State Administration of Taxation (SAT) Circular 82 issued in April 2009 specifies that certain offshore -incorporatedenterprises controlled by PRC enterprises or PRC enterprise groups will be classified as PRC resident enterprises if all of the following conditions are met: (a) senior management personnel and core management departments in charge of the daily operations of the enterprises have their presence mainly in the PRC; (b) their financial and human resources decisions are subject to determination or approval by persons or bodies in the PRC; (c) major assets, accounting books and company seals of the enterprises, and minutes and files of their board’s and shareholders’ meetings are located or kept in the PRC; and (d) half or more of the enterprises’ directors or senior management personnel with voting rights habitually reside in the PRC