Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 38

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 10
Chunk 38
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in cash for the judicially determined value of the shares.

Shareholders’
Suits

In
principle, we will normally be the proper plaintiff to sue for a wrong done to us as a company, and as a general rule, a derivative action
may not be brought by a minority shareholder. However, based on English law authorities, which would in all likelihood be of persuasive
authority in the Cayman Islands, the Cayman Islands courts can be expected to follow and apply the common law principles (namely the
rule in Foss v. Harbottle

  (a)      a                                                                                                     

  (b)      an                                                                                

  (c)      an                                                                           

  (d)      an                                                                                   

In
the case of a company (not being a bank) having its share capital divided into shares, the Grand Court may, on the application of members
holding not less than one fifth of the shares of the company in issue, appoint an inspector to examine the affairs of the company and
to report thereon in such manner as the Grand Court shall direct.

Indemnification
of Directors and Executive Officers and Limitation of Liability

Cayman
Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification
of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public
policy, such as to provide indemnification against civil fraud or the consequences of committing a crime.

Our
MAA provides, to the extent permitted by law, we shall indemnify each existing or former secretary, director (including alternate director),
and any of our other officers and their personal representatives against:

  (a)      all                                                                                                                                       

  (b)      without                                                                                                                                          

No
such existing or former director (including alternate director), secretary or officer, however, shall be indemnified in respect of any
matter arising out of their own actual fraud, willful default or willful neglect.

This
standard of conduct is generally the same as permitted under the Delaware General Corporation Law for a Delaware corporation. In addition,
our offer letters to our independent directors and our employment agreements with our executive officers provide such persons with additional
indemnification beyond that provided in our MAA.

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling
us under the foregoing provisions, we have been informed that in