Xinxu Copper Industry Technology ^{Filed Terms, Nasdaq: XXC}

We, through Anhui Xinxu, are primarily engaged in the research and development (“R&D”), fabricating and processing, and sales and distribution of copper and copper alloy products. Our products include, but are not limited to, T2 red copper bars, T2 tin-plated copper bars, T2 copper rods, electrolytic copper and aluminum bar. In January 2024, we adjusted our sales structure by significantly reducing the volume of copper material resales, primarily electrolytic copper. This decrease was primarily the result of a strategic adjustment in our sales focus away from lower-margin products, such as electrolytic copper and traditional copper bars, toward higher-margin products, specifically soft and hard connection copper bars, which are widely used in electric vehicle battery packs. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business — Our Products.” This realignment reflects our ongoing efforts to optimize our product mix, improve overall profitability, and focus on higher-margin products. Notwithstanding the foregoing, after such strategic adjustment, electrolytic copper is still our main product, accounting for approximately 79.90%, 93.98% and 85.90%, respectively, of our total revenues for the six months ended December 31, 2024 and the fiscal years ended June 30, 2024 and 2023.