Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 154

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 154
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. As of the date of this prospectus, we have a total of approximately 153 customers. Our customer base is broadly diversified, spanning various end markets, including electronics and electrical components, industrial machinery and equipment, metallic materials and general consumer end markets. For the six months ended December31, 2024, we had four customers accounting for approximately 19.93%, 15.27%, 10.68% and 10.02%, respectively, of our total revenues. For the fiscal year ended June30, 2024, we had two key customers who accounted for approximately 40.65% and 10.08%, respectively, of our total revenues. For the fiscal year ended June30, 2023, we had one major customer who accounted for approximately 37.02% of our total revenues. See “ Risk Factors — Risks Related to Our Business — We depend on key customers with whom we do not enter into any long -term contractual agreement, the loss of which could cause a significant decline in our revenues.” We do not have long -termwritten sales agreements with our customers. Each sale is typically governed by a brief purchase order. The key terms of the purchase order include: •the product’s name, type, quantity, price and delivery date; •quality standard, and payment terms; •delivery, inspection and packaging requirements; •some customer sales include breach of contract liabilities, usually 0.05% of total purchase amount as liquidated damages by the defaulting party; •product return or replacement in case of incompliance with contract terms; and •dispute solutions, including bringing a lawsuit at the local People’s court if negotiations are unsuccessful. As of the date of the prospectus, we have fulfilled all purchase orders and have not been subject to any legal proceeding since inception; no penalty has ever been incurred by us due to our delay of delivering products and we always comply with the material terms set forth in the purchase orders. In the case of delay of delivery, we normally negotiate first and solve the issues in an amicable way, which is generally not considered as a violation of purchase orders. Although our product sales to our customers are per -ordertransactions, we have long -termand stable relationships with our customers. For additional information see “ Risk Factors — Risks Related to Our Business — We do not have long -term contractual agreements with any of our customers, and our sales could be reduced if our customers switch some or all of their business with us to other suppliers.” 93