Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 11

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1
Chunk 11
---
 operational efficiency and market responsiveness.

We also maintain a strong
sales presence in major metropolitan areas such as Los Angeles, CA, Dallas, TX, and New York, NY.  These strategic locations
are carefully selected to maximize our market penetration and facilitate direct engagement with our diverse customer base. Through this
geographically diverse presence, we offer comprehensive after-sales services and tailored solutions, thereby reinforcing our commitment
to customer satisfaction and technological leadership in the electronics industry. 

Experienced
Management Team

Our
leadership team has decades of combined experience across various aspects of the communications sector, with more than 20 years
of experience in major domestic and overseas electronics companies, having held leadership and management roles. Mr. Greg Foley,
our Chief Executive Officer, has more than 25 years of experience in leading the sales and marketing of electronic products. Mr. James
Liao, our Chief Technology Officer, has a background in electrical engineering and has been leading product innovation and development
projects for more than 25 years. Mr. Haitao Cui, our Director and Executive Vice President, also has a background in electrical
and engineering automation and over 25 years of experience in sales and marketing of electronics. Our experienced team comprehensively
understands market dynamics, consumer demands, and technological trends. We rely on their insights and strategic decision-making to
effectively navigate the complex market and to adapt and grow amidst constantly changing industry conditions.

8

Build-to-Order
Business Model

We
manage our inventory and meet market demand through our build-to-order business model. Our sales begin with receiving bulk purchase
orders with general product designs, specifications, and budgets from our customers, who are third-party distributors specializing
in selling mobile phones and tablets to end-users through sales channels. We then provide our customers advice on adjustments and
customize the products to secure the desired performance within their budget. Once the product specification is determined, we work with
suppliers to build customized products that meet such our customers’ expectations. Over time, by listening to the demands and specifications
of our customers, we have been able to deliver high-quality, high-performance products that our customer trust and value. Our business
model allows us to effectively manage inventory costs and mitigate risks associated with changes in customer demand. We secure steady
revenue from bulk purchase orders placed by the customers.

The
orders we receive from customers provide us with a great opportunity to understand market trends and customer demand. Direct