Company: XHG
Filing Date: 2025-10-29
Form Type: F-3/A
Source: 0001213900-25-103499
Chunk: 12

Company: XChange TEC.INC
Filing Date: 2025-10-29
Form: F-3/A
Chunk 12
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“estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,”
“continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations
and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial
needs. These forward-looking statements include, but are not limited to, statements relating to:

| ● | our mission and strategies; |

| ● | our ability to continue as 
 a going concern;           |

| ● | our ability to achieve or maintain 
 profitability;                     |

| ● | general economic and business                                                                                                      
 condition in China and elsewhere, particularly the long-term apartment rental market and government measures aimed at China’s real 
 estate industry and apartment rental industry;                                                                                     |

| ● | health epidemics, pandemics                
 and similar outbreaks, including COVID-19; |

| ● | competition in the apartment 
 rental industry;             |

| ● | our future business development,               
 financial condition and results of operations; |

| ● | our expectations regarding                                       
 demand for and market acceptance of our apartments and services; |

| ● | our ability to attract and                                                                       
 retain tenants and landlords, including tenants and landlords from our acquired lease contracts; |

| ● | our ability to control the                                                                                                                   
 quality of operations, including the operation of our rental apartments managed by our own apartment managers or by third-party contractors; |

| ● | our ability to integrate strategic                          
 investments, acquisitions and new business initiatives; and |

| ● | our relationship with financial                                     
 institution partners and third-party product and service providers. |

These forward-looking statements involve various
risks and uncertainties. Although we believe that our expectations expressed in these forward-looking statements are reasonable, our expectations
may later be found to be incorrect. Our actual results could be materially different from our expectations. You should thoroughly read
this prospectus, any accompanying prospectus supplement and the documents that we reference in this prospectus with the understanding
that our actual future results may be materially different from and worse than what we expect. Factors that could cause or contribute
to the differences include, but are not limited to, those discussed in the “Risk Factors” section. Moreover, we operate in
an evolving environment. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict
all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent