Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 3

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 4
Chunk 3
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Item 4.
Information on the Company— B. Business Overview— Regulation — Regulations
on Dividend Distributions

”. None of our PRC subsidiaries has made any dividends
or other distributions to our holding company or any U. S. investors as of the date of this annual report. See also “

Item 3.
Key Information - D. Risk Factors - Risks Related to Doing Business in China - 
We rely on dividends and other distributions on equity paid by our PRC subsidiaries to fund any cash and financing requirements we may
have, and the PRC subsidiaries’ restrictions on paying dividends or making other payments to us could restrict our ability to satisfy
our liquidity requirements and have a material and adverse effect on our ability to conduct our business

”
on page 20.

We intend
to retain all of our available funds and any future earnings afterour initial public offering and
cash proceeds from overseas financing activities, including our initial public offering, to fund the development and growth of our business.
As a result, we do not expect to pay any cash dividends in the foreseeable future.

The PRC
government also imposes controls on the convertibility of the Renminbi into foreign currencies and, in certain cases, the remittance of
currency out of China. If the foreign exchange control system prevents us from obtaining sufficient foreign currencies to satisfy our
foreign currency demands, we may not be able to transfer cash out of China, and pay dividends in foreign currencies to our shareholders.
There can be no assurance that the PRC government will not intervene or impose restrictions on our ability to transfer or distribute cash
within our organization or to foreign investors, which could result in an inability or prohibition on making transfers or distributions
outside of China and may adversely affect our business, financial condition and results of operations. See “ Item 3.
Key Information - D. Risk Factors - Risks Related to Doing Business in China - Restrictions
on currency exchange may limit our ability to utilize our revenues effectively”
on page 20.

Cash dividends,
if any, on our ordinary shares will be paid in U. S. dollars. If we are considered a PRC tax resident enterprise for tax purposes, any
dividends we pay to our overseas shareholders may be regarded as China-sourced income and as a result may be subject to PRC withholding
tax at a rate of up to 10%. A 10% PRC withholding tax is applicable to dividends payable to investors that are non-resident enterprises.
Any gain realized on the transfer of ordinary