Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 272

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 272
---
 2024 and 2023, respectively. The depreciation expenses for both years were recorded within the general and administrative expenses.

F-18

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 9 — LAND USE RIGHTS, NET

Land use rights as of June 30, 2025 and 2024 consisted of the following:

|                                |     |   |     2025 |   |     |   |     2024 |   |
|:-------------------------------|:----|:--|---------:|:--|:----|:--|---------:|:--|
| Land use rights, cost          |     | $ |  903,791 |   |     | $ |  890,906 |   |
| Less: accumulated amortization |     |   | (173,912 | ) |     |   | (153,646 | ) |
| Land use rights, net           |     | $ |  729,879 |   |     | $ |  737,260 |   |

The land use rights represent the Company’s land use rights of the land lots located in Wuhu, China, which had been pledged to secure the Company’s banking facilities granted to the Company as of June 30, 2025 and 2024. The carrying values of the pledged land use rights to secure bank borrowings by the Company are shown in Note 10.

Amortization expenses were $, $ and $ for the fiscal years ended June 30, 2025, 2024 and 2023, respectively (the difference was due to exchange rate). The amortization expenses for both years were recorded within the general and administrative expenses.

Five succeeding years of amortization are as following:

| Year |     | Amortization |        |     | Net carrying 
 value        |         |
|:-----|:----|:-------------|-------:|:----|:-------------|--------:|
| 2026 |     | $            | 18,076 |     | $            | 711,803 |
| 2027 |     |              | 18,076 |     |              | 693,727 |
| 2028 |     |              | 18,076 |     |              | 675,651 |
| 2029 |     |              | 18,076 |     |              | 657,575