Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 321

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 321
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 $ |  890,906 |   |
| Less: accumulated amortization |     |   |     (161,824 | ) |     |   | (153,646 | ) |
| Land use rights, net           |     | $ |      725,164 |   |     | $ |  737,260 |   |

The land use rights represent the Company’s land use rights of plant located in Wuhu, China, which had been pledged to secure the Company’s banking facilities granted to the Company as of December 31 and June 30, 2024. The carrying values of the pledged land use rights to secure bank borrowings by the Company are shown in Note 11. Amortization expense was $9,006 and $8,933 for the six months ended December 31, 2024 and 2023, respectively (the difference was due to exchange rate). Five succeeding years of amortization are as following:

| Year |     | Amortization |        |     | Net carrying 
 value        |         |
|:-----|:----|:-------------|-------:|:----|:-------------|--------:|
| 2024 |     | $            | 17,740 |     | $            | 869,248 |
| 2025 |     |              | 17,740 |     |              | 851,508 |
| 2026 |     |              | 17,740 |     |              | 833,768 |
| 2027 |     |              | 17,740 |     |              | 816,028 |
| 2028 |     |              | 17,740 |     |              | 798,288 |

NOTE 11 — SHORT-TERM BORROWINGS Short -termborrowings consisted of the following as of December 31, 2024 and June 30, 2024:

|                                                   |     |   | December 31, 
         2024 
  (Unaudited) |     |   |  June 30, 
      2024 |
|:--------------------------------------------------|:----|:--|-------------:|:----|:--|----------:|
| Short-term borrowings from financial institutions |     | $ |   10,807,886 |     | $ | 8,944,298 |
| Short-term loans from third-party individuals     |     |   |      801,447 |     |