Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 65

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 65
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Risks Related to Doing Business in China Risks and uncertainties related to conducting business in China include, but are not limited to, the following:

| ● | The Chinese government may exert substantial influence over the manner in which we must conduct our business activities. We are currently not required to obtain approval from Chinese authorities to issue securities to foreign investors, however, if our subsidiaries or the holding company were required to obtain approval in the future and were denied permission from Chinese authorities to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange, which would materially affect the interest of the investors. |

| ● | We may be influenced by changes in the political and economic policies of the PRC government. |

| ● | Uncertainties with respect to the interpretation and enforcement of PRC laws, rules and regulations could have a material adverse effect on us. |

| ● | Recent regulatory initiatives implemented by the PRC competent government authorities on cyberspace data security may have introduced uncertainty in our business operations and compliance status, which could result in materially adverse impact on our business, results of operations and our listing on Nasdaq. |

| ● | We may be adversely affected by the complexity and uncertainties of and changes in PRC regulation of Internet business and related companies. |

| ● | U.S. regulators’ ability to conduct investigations or enforce rules in China is limited. |

| ● | We face uncertainty regarding the PRC tax reporting obligations and consequences for certain indirect transfers of the stock of our operating company. |

Recent Development On February 10, 2025, we held an Extraordinary General Meeting of shareholders (the “EGM”) which approved the proposals to (i) effectuate a share consolidation, with every six (6) issued and unissued ordinary shares of the Company of par value of US$8 each be consolidated into one (1) share of par value of US$8 each (the “Share Consolidation”); (ii) increase the share capital to US$240,000,000,000 which divided into 5,000,000,000 shares of par value of US$48 each, consisting of 4,996,666,667 Class A ordinary shares of a par value of US$48 each and 3,333,333 Class B ordinary shares of a par value of US$48 immediately following the Share Consolidation (the “Share Capital Increase”); (iii) re-designate 16,666,667 Class A ordinary shares of the