Company Description

Xinxu is a holding company incorporated on September 11, 2017 as an exempted company under the laws of the Cayman Islands. As a holding company with no material operations of its own, Xinxu conducts substantially all of its operations through its subsidiaries established in China, primarily Anhui Xinxu. 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 and sticks, and electrolytic copper. We engage in metal casting, extruding, and drawing to fabricate finished and semi-finished copper products from copper cathode and scrap copper wires. Our products are used in a variety of applications across diversified end markets, including electronics and electrical components, telecommunications, automobiles, air conditioners, ships, metallurgy, electromechanical, transportation, building and housing, power distribution, solar energy and other sectors across China. We access these end markets through our direct sales force reaching a wide variety of customers with both high and low volume demands for our products. We believe the diversity of our product portfolio, our R&D capacities and technical expertise underpin the long-standing relationships we have with our broad customer base. We currently have over 200 customers, covering 15 provinces and municipal cities of China, including but not limited to Beijing, Shanghai, Anhui, Zhejiang, Jiangsu, and Guangdong. We employ approximately 100 people and operate our business in an area of approximately 43,330 square meters in Wuhu City, Anhui Province, China. As of the date of this prospectus, we have two manufacturing workshops in service covering an area of approximately 7,564 square meters, housing four productions lines with an annual production capacity of approximately 15,000 tons. In addition, we are in the process of procuring and installing new production lines in three additional manufacturing workshops, which cover an area of approximately 14,296 square meters and are expected to be put into service in the second half of 2024. We also have approximately 45 suppliers and have established long-term strategic partnerships with most of our major suppliers for the sufficient and steady supply of our raw materials. Since our inception, we have focused on the establishment and improvement of our R&D capacities. In April 2017, we established our R&D department and technology center in Wuhu City, Anhui Province, and have conducted numerous R&D projects since then. We currently own six registered patents acquired as a result of those R&D projects. As of the date of this prospectus, those patents have been applied into our product portfolio, which have improve our product quality and production efficiency. As of the date of this prospectus, we have a R&D team consisting of 22 staff, and have a patent portfolio of six registered patents in China. In 2018, our “Xinxu” branded copper busbars were awarded as “Anhui Brand Name Products” and in the same year, Anhui Xinxu was also recognized as an “Anhui Enterprise Technical Center” and “Anhui Trademark Demonstration Enterprise” due to our comparatively strong technical strength and optimized R&D conditions. Since 2018, Anhui Xinxu has qualified as a “High and New-Technology Enterprise” (“HNTE”) by Anhui Province Science and Technology Bureau. We prioritize product quality management and are committed to strengthening the professional ethics and cultivating quality consciousness of our employees, forming a strict quality management system, which we believe is in line with industry standards in China. As a high technology company, we have established a sound quality control system where our products, including copper bars and sticks, are currently compliant with the ISO 9001 and ISO 14001 standards. We generate revenues through (i) sales of our own “Xinxu” brand copper products, (ii) sales of copper raw materials, and (iii) service fees for processing customized copper products for our customers. --- Our principal executive offices are located at 2188 Nanci First Road, Anhui Xinwu Economic Development Zone, Wanzhi District, Wuhu City, Anhui Province, China, and our telephone number is +86 553-8758118. Our website is www.ahxinxu.com. Our registered office in the Cayman Islands is located at the offices of Harneys Fiduciary (Cayman) Limited, Harbour Place, 103 South Church Street, George Town, Cayman Islands. Our agent for service of process in the United States is Puglisi & Associates, 850 Library Avenue, Suite 204, Newark, DE 19711.