Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 37

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 37
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eree notice of such refusal.

The registration of transfers
may, on 14 days’ notice being given by advertisement in one or more newspapers or by electronic means, be suspended and the register
closed at such times and for such periods as our board of directors may from time to time determine.

Conversion.
Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Each Class B Ordinary Share is convertible
into one (1) Class A Ordinary Share at any time at the option of the holder thereof or automatically as set out in our Eighth Amended
and Restated Memorandum and Articles of Association. The right to convert shall be exercisable by the holder of the Class B Ordinary Share
delivering a written notice to the Company that such holder elects to convert a specified number of Class B Ordinary Shares into Class
A Ordinary Shares.

<div align='center'>S-22</div>

Any conversion of Class B
Ordinary Shares into Class A Ordinary Shares pursuant to the Eighth Amended and Restated Articles of Association of the Company, as amended
from time to time, shall be effected by means of the re-designation and re-classification of each relevant Class B Ordinary Share as
a Class A Ordinary Share. Such conversion shall become effective forthwith upon entries being made in the register of members to record
the re-designation and re-classification of the relevant Class B Ordinary Shares as Class A Ordinary Shares.

Liquidation.On
the winding up of our company, if the assets available for distribution amongst our shareholders shall be insufficient to repay the whole
of the share capital, such assets shall be distributed so that, as nearly as may be, the losses shall be borne by our shareholders in
proportion to the par value of the shares held by them. If in a winding up the assets available for distribution amongst our shareholders
shall be more than sufficient to repay the whole of the share capital at the commencement of the winding up, the surplus shall be distributed
amongst our shareholders in proportion to the par value of the shares held by them at the commencement of the winding up subject to a
deduction from those shares in respect of which there are monies due, of all monies payable to our company for unpaid calls or otherwise.

Calls on Shares and Forfeiture of Shares.Our board of directors may from time to time make calls upon shareholders for any amounts unpaid on their
shares in a notice served to such shareholders at least 14 calendar days prior to the specified time of payment. The ordinary shares