Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 50

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 50
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, which would materially affect the interest
of the investors.” in our most recent annual report on Form 20-F.

Risks and uncertainties regarding
the interpretation and enforcement of laws and quickly evolving rules and regulations in China, could result in a material adverse change
in our operations and the value of our securities. Risks and uncertainties arising from the legal system of China, including those relating
to the interpretation and enforcement of PRC laws and regulations and that rules and regulations in China can change quickly with little
advance notice, could limit the legal protections available to you and us, hinder our ability and the ability of any holder of our securities
to offer or continue to offer such securities, result in a material adverse change to our business operations, and damage our reputation,
which would materially and adversely affect our financial condition and results of operations and cause our securities to significantly
decline in value or become worthless. For more details, see “Risk Factors — Risks Related to Doing Business in
China — Uncertainties with respect to the interpretation and enforcement of PRC laws, rules and regulations could have
a material adverse effect on us.” in our most recent annual report on Form 20-F. The Holding Foreign Companies Accountable
Act, or the HFCAA, was enacted on December 18, 2020. The HFCAA states that if the SEC determines that we have filed audit reports issued
by a registered public accounting firm that has not been subject to inspection by the PCAOB for three consecutive years beginning in
2021, the SEC will prohibit our shares or the ordinary shares from being traded on a national securities exchange or in the over-the-counter
trading market in the United States. On December 16, 2021, the PCAOB issued a report to notify the SEC of its determination that the
PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered in mainland China and Hong Kong
(the “2021 Determinations”). In June 2021, the Senate passed the Accelerating Holding Foreign Companies Accountable Act (the
“AHFCAA”), which was signed into law on December 29, 2022, amending the HFCAA and requiring the SEC to prohibit an issuer’s
securities from trading on any U.S. stock exchange if its auditor is not subject to PCAOB inspections for two consecutive years instead
of three consecutive years.

On August 26, 2022, the PCAOB
announced that it had signed a Statement of Protocol (the “S