Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 12

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1
Chunk 12
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 relationships
with our customers give us an advantage in observing the changes in market demands. As a result, we can develop new models based on our
understanding of the market. After establishing a market presence through our customers, we can further diversify our revenue and profit
streams. We take our own Foxx-branded products as an initiative to innovate. Our growth strategy involves reaching more end-users through
maintaining the relationship with current customers and cultivating relationship with new customers. We aim to optimize the balance of
liquidity, profitability, and growth with a focus on increasing the mix of our product portfolio to higher-margin products and recurring
revenue streams.

Research
and Development/Innovation Capability

We
have strong competitive advantages in our product design and innovation capabilities. Moreover, we have resources that allow us to outsource
customized research and development capabilities as needed, thereby gaining additional insights into the market and developing more robust
product design and customization standards. Our innovative product planning keeps us at the forefront of technological trends, ensuring
that the company remains as the forerunner in introducing novel and high-performance products to the market.

Supply
Chain Management

We
have efficiently managed our supply chain through diversification of sources, strategic partnerships, optimized logistics, and efficient
inventory management, all of which have contributed to our current success. We have cultivated strong relationships with multiple suppliers
in Indonesia and Southeast Asian countries. This capability enables the company to maintain a balance between supply and demand, reduce
operational costs, and promptly respond to market changes, thereby enhancing competitiveness and customer satisfaction.

Quality
Control

Quality
is the cornerstone of our value proposition. We implement strict quality control measures at every stage of the manufacturing process
in our original equipment manufacturer factories, from material procurement to manufacturing processes and final product testing. Our
commitment to quality ensures that all our products meet the highest reliability and performance standards, fostering trust and loyalty
among customers and setting us apart from our competitors.

These competitive advantages
contribute to our success and resilience in the market. The combination of experienced leadership, innovation, efficient supply chain
management, and stringent quality control positions us as a leader in the communication section. This enables us to deliver exceptional
value to customers and stakeholders alike.

Growth
Strategies with IoT Cloud Platform 

Our
IoT Cloud Platform

We have developed a cloud
platform that connects all our devices to a secure central server, creating a unified ecosystem. The platform brings significant
benefits, particularly