Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 194

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 10
Chunk 194
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 Tai Seng Exchange, One Tai Seng Avenue, Singapore 536464. In
addition, we file annual reports and other information with the Securities and Exchange Commission. We file annual reports on Form 20-F
and submit other information under the cover of Form 6-K. As a foreign private issuer, we are exempt from the proxy requirements of Section
14 of the Exchange Act and our officers, directors and principal shareholders are exempt from the insider short-swing disclosure and profit
recovery rules of Section 16 of the Exchange Act. Annual reports and other information we file with the Commission may be inspected at
the public reference facilities maintained by the Commission at Room 1024, 100 F. Street, N. E., Washington, D. C. 20549, and copies of
all or any part thereof may be obtained from such offices upon payment of the prescribed fees. You may call the Commission at 1-800-SEC-0330
for further information on the operation of the public reference rooms and you can request copies of the documents upon payment of a duplicating
fee, by writing to the Commission. In addition, the Commission maintains a web site that contains reports and other information regarding
registrants (including us) that file electronically with the Commission which can be accessed at http://www. sec. gov.

I. Subsidiary Information

For a listing of our subsidiaries,
see “ Item 4. Information on the Company - A. History and Development of the Company.”

J. Annual Report to Security Holders

Not applicable.

Item 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES
ABOUT MARKET RISK

Interest Rate Risk

Our exposure to interest rate
risk primarily relates to interest income generated by excess cash, which is mostly held in interest-bearing bank deposits. While interest-earning
instruments carry a degree of interest rate risk, to date, we have not been exposed to material risks due to changes in market interest
rates, and we have not used any derivative financial instruments to manage our interest risk exposure.

Foreign Currency Risk

A majority of the Company’s
expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities
are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required
by the law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China