Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 65

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 65
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u. As of the date of this prospectus, substantially all of our cash and assets are located in the PRC. As of the date of this prospectus, no transfers, dividends or other distributions have been made from our subsidiaries to Xinxu or our investors, including U.S. investors, and no transfers, loans, or capital contributions have been made from Xinxu to any of our subsidiaries. In February 2022, Xinxu, through HK Xinxu, made capital contributions of $850,000 to our PRC subsidiary Anhui Heri, and in March 2022, Anhui Heri made capital contributions of approximately $844,715 (RMB5,383,030) to our primary PRC operating subsidiary Anhui Xinxu. In the future, cash proceeds raised from overseas financing activities, including this offering, may be transferred by us based on current statutory limits to our PRC operating entities via capital contribution or shareholder loans, as the case may be. The transfer of funds among PRC companies are subject to the Provisions of the Supreme People’s Court on Several Issues Concerning the Application of Law in the 32 Trial of Private Lending Cases (2020 Revision, the “Provisions on Private Lending Cases”), which was implemented on August20, 2020 to regulate the financing activities between natural persons, legal persons and unincorporated organizations. The Provisions on Private Lending Cases does not prohibit cash transfers among the PRC company’s subsidiaries. As of the date of this prospectus, we have not been notified of any restrictions which could limit our PRC subsidiaries’ ability to transfer cash to another PRC subsidiary. Based on the advice of Ogier, our Cayman legal counsel, there are no limitations imposed by Cayman Islands law on Xinxu’s ability to transfer cash between Xinxu and its investors, other than as set out under “ Dividend Policy”. Among Xinxu and its subsidiaries, cash can be transferred from Xinxu and HK Xinxu as needed in the form of capital contributions or shareholder loans, as the case may be, to our PRC subsidiaries as we are permitted under the PRC laws and regulations to provide funding to our PRC subsidiaries only through capital contributions or loans, and only if we satisfy the applicable government registration and approval requirements in China. We believe, as of the date of this prospectus, there is no restriction imposed by the Hong Kong government on the transfer of capital within, into