Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 31

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 10
Chunk 31
---

on liquidation or winding up are entitled to receive has been paid or set aside for payment, the holders of our ordinary shares are entitled
to receive any remaining assets of our company available for distribution as determined by the liquidator. The shareholders may, subject
to the MAA and any other sanction required by the Companies Act, pass a special resolution allowing the liquidator to do either or both
of the following:

  (a)      to divide in specie among the shareholders the whole or any                                                                                       

  (b)      to vest the whole or any part of the assets in trustees for                    

The directors have the authority
to present a petition for our winding up to the Grand Court of the Cayman Islands on our behalf without the sanction of a resolution passed
at a general meeting.

Calls on Ordinary Shares
and Forfeiture of Ordinary Shares. Our board of directors may from time to time make calls upon shareholders
for any amounts unpaid on their ordinary shares in a notice served to such shareholders at least 21 clear days prior to the specified
time and place of payment. Any ordinary shares that have been called upon and remain unpaid are subject to forfeiture.

Redemption of Ordinary Shares.

Subject to the Companies Act
and any rights for the time being conferred on the shareholders holding a particular class of shares, we may by action of our directors:

  (a)      issue shares that are to be redeemed or liable to be redeemed,                                                                             

  (b)      with the consent by special resolution of the shareholders holding                                                                      

  (c)      purchase all or any of our own shares of any class including                                                      

We may make a payment in respect
of the redemption or purchase of its own shares in any manner authorized by the Companies Act, including out of any combination of capital,
our profits and the proceeds of a fresh issue of shares.

When making a payment in respect
of the redemption or purchase of shares, the directors may make the payment in cash or in specie (or partly in one and partly in the other)
if so authorized by the terms of the allotment of those shares or by the terms applying to those shares, or otherwise by agreement with
the shareholder holding those shares.

Transfer of Shares. Subject
to certain provisions in our MAA, and provided that such transfer complies with applicable rules of the SEC, the Nasdaq and federal and
state securities laws of the United States, a shareholder may transfer ordinary shares to another person by completing an instrument of
transfer in a common