Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 165

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 7
Chunk 165
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 individuals, had or
will have a direct or indirect material interest.

Due from related party(1).

                       As of December 31,                                        
                       2024                                 2023                 
 ─────────────────────────────────────────────────────────────────────────────────
  Ban Lor              $                        13,700      $            17,155  
  Stewart Lor                                  348,714                  452,598  
  Yuxia Xu                                      60,700                  207,236  
  Phillip Tao Qiu                              470,931                  600,000  
  Xiaoyan Liu                                    3,370                   87,990  
  Subtotal             $                       897,415      $         1,364,979  

  (1)      From                                                                                                 

Due to related party(1).

                                                       As of December 31,                                 
                                                       2024                             2023              
  Shanghai Yue See cultural development Co., Ltd.      $                       -        $         39,985  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Zhongchuan Dadi (Beijing) Technology Co., Ltd.                               218                   223  
  Subtotal                                             $                       218      $         40,208  

  (1)      The above balances represent unpaid loan and expenses to these related parties.  

Related party transactions

                                                                           For the years ended                                      
                                                                           2024                     2023                      2022  
  Guangzhou Jiatu Culture Media Co., Ltd. (1)         Service fees         $                        $         -            $62,667  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Stewart Lor                                         Interest income      $                        $         50,663      $117,569  
  Yuxia Xu                                            Interest income      $                        $         16,778       $22,802  
  Shanghai Stamp Technology Co., Ltd.                 Interest income      $                        $         -             $1,771  
  Shanghai Yue See cultural development Co., LTD      Service revenue      $                        $         4,195             $-  

Short term bank loan

Outstanding balance of short-term
bank loans consisted of the following:

                                            December 31,                     December 31,                 
  Loans from Bank of Communication (1)      $                 2,465,990      $                 2,816,942  
  Loan from SPD Bank