Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 164

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 7
Chunk 164
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  HOGSTREAM INTERNATIONAL LTD. (1)                                               11      2,032      100      2.60  
  5% or greater beneficial owners as a group                                     11      2,032      100      2.60  

  Less than 1%.  

  (1)      Calculated based on post-reverse stock split basis, which includes (i) 334 Class B Ordinary Shares held by Hogstream International Ltd., a British Virgin Islands company wholly-owned by Stewart...  
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  (2)      Calculated based on post-reverse stock split basis, includes 227 Ordinary Shares underlying share options held by Wei Jiang that is exercisable within 60 days after the date of this Annual Report.  

  (3)      Calculated based on post-reverse stock split basis, includes 206 Ordinary Shares underlying share options held by Yuxia Xu that is exercisable within 60 days after the date of this Annual Report.  

As of the date of this Annual
Report, there were 72 holders of record entered in our share register. The number of individual holders of record is based exclusively
upon our share register and does not address whether a share or shares may be held by the holder of record on behalf of more than one
person or institution who may be deemed to be the beneficial owner of a share or shares in our Company.

To our knowledge, no other
shareholder beneficially owns more than 5% of our shares. Our Company is not owned or controlled directly or indirectly by any government
or by any corporation or by any other natural or legal person severally or jointly. There are no arrangements, known to us, the operation
of which may at a subsequent date result in a change in control of our Company.

B. Related Party Transactions

The following is a description
of transactions since the beginning of the Company’s preceding three financial years up to the date hereof, in which the amount
involved in the transaction exceeded or will exceed the lesser of $120,000 or one percent of the average of our total assets as of the
year-end for the last two completed fiscal years, and to which any of our directors, executive officers or beneficial holders of more
than 5% of our capital stock, or any immediate family member of, or person sharing the household with, any of these