Company: XXC
Filing Date: 2025-09-18
Form Type: F-1/A
Source: 0001213900-25-089077
Chunk: 337

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-18
Form: F-1/A
Chunk 337
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 Kong in the event of any interventions in or the imposition of restrictions and limitations on the ability of our company and our subsidiaries by the PRC government to transfer cash or assets, which may materially and adversely affect our business, financial condition and results of operations and may result in our inability to sustain our growth and expansion strategies” on page 35. In the future, cash proceeds raised from overseas financing activities, including the initial public offering, may be transferred by us based on current statutory limits to our PRC subsidiaries via capital contribution or shareholder loans, as the case may be. Mr. Jinchun Cheng, our Chief Executive Officer and director, currently has and will continue to have, significant influence over the Company following the completion of the initial public offering due to his significant shareholding in the Company. Mr. Cheng currently beneficially owns an aggregate of 78.50% of our outstanding ordinary shares and is expected to own approximately 73.02% of our outstanding ordinary shares upon the completion of the initial public offering assuming no exercise of the underwriters’ over -allotmentoption. For more information regarding Mr. Cheng’s beneficial ownership, see “ Principal Shareholders” and “ Risk Factors — Our Chief Executive Officer and director, Mr. Jinchun Cheng, has control over our company. His interests may not be aligned with the interests of our other shareholders, and he could prevent or cause a change of control or other transactions.” As a result of Mr. Cheng’s significant ownership, we may be deemed a “controlled company” under Nasdaq Rules. However, we do not intend to avail ourselves of the corporate governance exemptions offered to a “controlled company” under the Nasdaq Rules. See “ Prospectus Summary — Implications of Being a Controlled Company.” We are an “emerging growth company” and a “foreign private issuer” as defined under the U.S. federal securities laws and, as such, may elect to comply with certain reduced public company reporting requirements for this and future filings. We are also a “controlled company” under the Nasdaq Rules. See “ Prospectus Summary — Implications of Being an Emerging Growth Company”and, “Prospectus Summary — Implications of Being a Foreign Private Issuer”and“ Prospectus Summary — Controlled Company”. There are significant legal and operational risks associated with having operating structure as a Cayman Islands holding company with substantially all of the operations conducted by our PRC subsidiaries in China, including changes in the legal, political and economic policies of the Chinese government, the relations between China