Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 138

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 138
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 years. Effective July1, 2021, the Company adopted this new standard on a retrospective basis, and this update did not have a material impact on the Company’s consolidated financial position, results of operations and cash flows. In January 2020, the FASB issued ASU 2020 -01, Investments -EquitySecurities (Topic 321), Investments -EquityMethod and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815, which clarifies the interaction of the accounting for equity investments under Topic 321 and investments accounted for under the equity method of accounting in Topic 323 and the accounting for certain forward contracts and purchased options accounted for under Topic 815. The guidance is effective for public business entities for fiscal years beginning after December15, 2021 and for interim periods within those fiscal years. Effective July1, 2021, the Company early adopted this new standard on a retrospective basis, and this update did not have a material impact on the Company’s consolidated financial position, results of operations and cash flows. Other accounting standards that have been issued by the FASB or other standards -settingbodies are not expected to have a material effect on the Company’s financial position, result of operations or cash flows. Off-balance Sheet Commitments and Arrangements There were no off -balancesheet arrangements for the six months ended December31, 2024 and the fiscal years ended June30, 2024 and 2023 that have or that in the opinion of our management are likely to have, a current or future material effect on our consolidated financial condition or results of operations. Impact of Inflation We do not believe the impact of inflation on our Company is material. Our operations are in China and China’s inflation rates in the last three years are: 0.2% for 2024, 0.23% for 2023, and 1.97% for 2022. Holding Company Structure Xinxu is a holding company with no material operations of its own. We conduct our operations through our subsidiaries in China. As a result, our ability to pay dividends and to finance any debt we may incur depends upon dividends paid by our subsidiaries. Our PRC subsidiaries may purchase foreign exchange from relevant banks and 82 make distributions to offshore companies after completing relevant foreign exchange registration with the SAFE. Our offshore companies may inject capital into or provide loans to