Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 198

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 198
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 June 30, 
       2024 |     |   |    For the 
 Year Ended 
   June 30, 
       2023 |
|:-------------------------------------------------------------|:----|:--|-----------:|:----|:--|-----------:|
| Balance as of the beginning of the period                    |     | $ |         27 |     | $ |    609,229 |
| Add: net increase in current period contract liabilities     |     |   |    649,450 |     |   |         27 |
| Less: revenue recognized from beginning contract liabilities |     |   |         27 |     |   |    609,229 |
| Total contract liabilities as the end of the period          |     | $ |    649,450 |     | $ |         27 |

Note 11 — Related party balances and transactions Related party balances Amount due from related party

| Name of Related Party |     | Relationship                           |     | Nature              |     | June 30, 
 2024     |     |      |     | June 30, 
 2023     |   |
|:----------------------|:----|:---------------------------------------|:----|:--------------------|:----|:---------|----:|:-----|:----|:---------|:--|
| Company A             |     | Owned by the executives of the Company |     | Paid on behalf fees |     | $        | 140 | ​(1) |     | $        | — |

____________ (1)As of the date of this report, such balance was repaid by Company A. Other payable — related party Other payable — related party consists of the following:

|              | Name of Related Party |                                                                           | Relationship |                               | Nature |   | June 30, 
     2024 |     |   | June 30, 
     2023 |
|:-------------|:----------------------|:--------------------------------------------------------------------------|:-------------|:------------------------------|:-------|:--|---------:|:----|:--|---------:|
| Company A(1) |                       | Owned by the executives of the Company                                    |              | Consulting fees               |        | $ |        — |     | $ |   25,000 |
| Company B(2) |                       | Controlled by the immediate family member of the executive of the Company |              | Research and development fees |        | $ |   51,168 |