Company: XHG
Filing Date: 2025-10-29
Form Type: F-3/A
Source: 0001213900-25-103499
Chunk: 95

Company: XChange TEC.INC
Filing Date: 2025-10-29
Form: F-3/A
Chunk 95
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 foreign currency or currencies or foreign currency unit or units in the applicable prospectus supplement.

We may issue debt securities of a series in whole
or in part in the form of one or more global securities that will be deposited with, or on behalf of, a depositary identified in the prospectus
supplement. Global securities will be issued in registered form and in either temporary or definitive form. Unless and until it is exchanged
in whole or in part for the individual debt securities, a global security may not be transferred except as a whole by the depositary for
such global security to a nominee of such depositary or by a nominee of such depositary to such depositary or another nominee of such
depositary or by such depositary or any such nominee to a successor of such depositary or a nominee of such successor. The specific terms
of the depositary arrangement with respect to any debt securities of a series and the rights of and limitations upon owners of beneficial
interests in a global security will be described in the applicable prospectus supplement.

The indenture and the debt securities will be
governed by, and construed in accordance with, the internal laws of the State of New York, unless we otherwise specify in the applicable
prospectus supplement.

<div align='center'>49

PLAN OF DISTRIBUTION</div>

We may sell or distribute the securities offered
by this prospectus, from time to time, in one or more offerings, as follows:

| ● | through agents; |

| ● | to dealers or underwriters 
 for resale;                |

| ● | directly to purchasers; or |

| ● | through a combination of any 
 of these methods of sale.    |

In addition, we may issue the securities as a
dividend or distribution or in a subscription rights offering to our existing security holders. In some cases, we or any dealers acting
for us may also repurchase the securities and reoffer them to the public by one or more of the methods described above. This prospectus
may be used in connection with any offering of our securities through any of these methods or other methods described in the applicable
prospectus supplement.

Our securities distributed by any of these methods
may be sold to the public, in one or more transactions, either:

| ● | at a fixed price or prices, 
 which may be changed;       |

| ● | at market prices prevailing 
 at the time of sale;        |

| ● | at prices related to prevailing 
 market prices; or