Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 190

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 19
Chunk 190
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began trading under the new ticker symbol “ XHG” on the NASDAQ effective on June 3, 2024.

Before its
acquisition of Alpha Mind, the Company, through Haoju (Shanghai) Artificial Intelligence Technology Co., Ltd. (“ Q& K AI”),
operated a rental apartment operation platform in the PRC, providing rental and value-added services to young, emerging urban residents
since 2012. The Company sources and converts apartments to standardized furnished rooms and leases to young people seeking affordable
residence in cities in the PRC. The business was disposed in October 2023.

  Reverse                          

Effective
on March 7, 2022, the Group changed the ratio of the American depositary shares (“ ADSs”) representing its Class A ordinary
shares from one (1) ADS representing thirty (30) Class A ordinary share to one (1) ADS representing one hundred and fifty ( 150

Effective
on September 18, 2023, the Board of Directors effected a share subdivision at a ratio of one-for-one hundredth ( 100 0.00001 one 0.0000001 450,000 3,750,000,000,000 250,000,000,000 500,000,000,000 0.0000001 450,000 1,000,000 1,000,000 8,500,000,000,000 1,000,000,000,000 500,000,000,000 0.0000001

Effective
on November 2, 2023, the Group changed the ratio of the American depositary shares (“ ADSs”) representing its Class A ordinary
shares from one (1) ADS representing one hundred and fifty ( 150 15,000

Further effective
on December 7, 2023, the Group changed the ratio of the American depositary shares (“ ADSs”) representing its Class A ordinary
shares from one (1) ADS representing fifteen thousand ( 15,000 600,000

Effective
on May 20, 2024, the Company increased its authorized share capital from (i) US$ 1,000,000 10,000,000,000,000 0.0000001 8,500,000,000,000 0.0000001 1,000,000,000,000 0.0000001 500,000,