Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 79

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 79
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 these rights may be
provided in articles of association. Our Seventh Amended and Restated Memorandum and Articles of Association allow our shareholders
holding not less than 10% of the share capital in issue to requisition a shareholder’s meeting. Other than this right to
requisition a shareholders’ meeting, a shareholder may give notice to the Company of business proposed to be brought before an
annual general meeting. As an exempted Cayman Islands company, we are not obliged by law to call shareholders’ annual general
meetings.

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Cumulative Voting. Under
the Delaware General Corporation Law, cumulative voting for elections of directors is not permitted unless the corporation’s certificate
of incorporation specifically provides for it. Cumulative voting potentially facilitates the representation of minority shareholders on
a board of directors since it permits the minority shareholder to cast all the votes to which the shareholder is entitled on a single
director, which increases the shareholder’s voting power with respect to electing such director. There are no prohibitions in relation
to cumulative voting under the Companies Act but our Seventh Amended and Restated Memorandum and Articles of Association do not provide
for cumulative voting.

Removal of Directors. Under
the Delaware General Corporation Law, a director of a corporation with a may be removed with the approval of a majority of the outstanding
shares entitled to vote, unless the certificate of incorporation provides otherwise. Under our Seventh Amended and Restated Memorandum
and Articles of Association, directors may be removed by way of a special resolution of our shareholders at any time before the expiration
of his or her period of office.

Transactions with Interested Shareholders. The Delaware General Corporation Law contains a business combination statute applicable to Delaware corporations
whereby, unless the corporation has specifically elected not to be governed by such statute by amendment to its certificate of incorporation,
it is prohibited from engaging in certain business combinations with an “interested shareholder” for three years following
the date that such person becomes an interested shareholder. An interested shareholder generally is a person or a group who or which owns
or owned 15% or more of the target’s outstanding voting share within the past three years. This has the effect of limiting the ability
of a potential acquirer to make a two-tiered bid for the target in which all shareholders would not be treated equally. The statute does
not apply if, among other things, prior to the date on which such shareholder becomes an interested shareholder, the board of directors
approves either the business combination