Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 163

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 7
Chunk 163
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Item 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A. Major Shareholders

The following tables set forth
certain information with respect to the beneficial ownership of our Ordinary Shares as of the date of this Annual Report for:

  each stockholder known by us to be the beneficial owner of more than 5% of our outstanding Ordinary Shares;  

  each of our directors;  

  each of our named executive officers; and  

  all of our directors and executive officers as a group.  

We have determined beneficial
ownership in accordance with the rules of the SEC. Under such rules, beneficial ownership includes any shares over which the individual
has sole or shared voting power or investment power as well as any shares that the individual has the right to subscribe for within 60
days of the date of this Annual Report through the exercise of any warrants or other rights. Except as indicated by the footnotes below,
we believe, based on the information furnished to us, that the persons and entities named in the table below have sole voting and investment
power or the power to receive the economic benefit with respect to all Ordinary Shares that they beneficially own, subject to applicable
community property laws. None of the stockholders listed in the table are a broker-dealer or an affiliate of a broker dealer. Applicable
percentage ownership is based on 13,755,975 (post-reverse stock split adjusted to 2,292,652) Class A ordinary shares and 12,195 (post-reverse
stock split adjusted to 2,032) Class B ordinary shares outstanding as of the date of this Annual Report. Unless otherwise indicated, the
address of each beneficial owner listed in the table below is Suite 412, Tower A, Tai Seng Exchange, One Tai Seng Avenue, Singapore 536464.

                                                       Beneficial Ownership                                        
  Name of Beneficial Owner                             Class A                                                     
  Stewart Lor (1)                                                                11      2,032      100      2.60  
  Ruizhong Jiang                                                                 *       *          *        *     
  Wei Jiang (2)                                                                  *       *          *        *     
  Yuxia Xu (3)                                                                   *       *          *        *     
  Charles Tingru Ou                                                              *       *          *        *     
  Phillip Tao Qiu                                                                *       *          *        *     
  All directors and executive officers as a group                                11      2,032      100      2.60