Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 27

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 3
Chunk 27
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 by certain of such government securities held by financial institutions to mitigate
the risk of potential losses on the sale of such instruments, widespread demands for customer withdrawals or other liquidity needs of
financial institutions for immediately liquidity may exceed the capacity of such program. There is no guarantee that the U. S. Department
of Treasury, FDIC and Federal Reserve Board will provide access to uninsured funds in the future in the event of the closure of other
banks or financial institutions, or that they would do so in a timely fashion.

Although we currently neither
hold bank accounts in nor have a banking relationship with the SVB, Signature Bank and Silvergate Capital Corp, there are factors that
could adversely affect us, including, among others, events such as liquidity constraints or failures, the ability to perform obligations
under various types of financial, credit or liquidity agreements or arrangements, disruptions or instability in the financial services
industry or financial markets, or concerns or negative expectations about the prospects for companies in the financial services industry.
These factors could involve financial institutions or financial services industry companies with which we have financial or business relationships
but could also include factors involving financial markets or the financial services industry generally.

In addition, widespread investor
concerns regarding the U. S. or international financial systems could result in less favourable commercial financing terms, including higher
interest rates or costs and tighter financial and operating covenants, or systemic limitations on access to credit and liquidity sources,
thereby making it more difficult for us to acquire financing on acceptable terms or at all. Any decline in available funding or access
to our cash and liquidity resources could, among other risks, adversely impact our ability to meet our operating expenses, financial obligations
or fulfill our other obligations, result in breaches of our financial and/or contractual obligations or result in violations of federal
or state wage and hour laws. Any of these impacts, or any other impacts resulting from the factors described above or other related or
similar factors not described above, could have material adverse impacts on our liquidity and our current and/or projected business operations
and financial condition and results of operations.

Moreover, a partner or supplier
could be adversely affected by any of the liquidity or other risks that are described above as factors that could result in material adverse
impacts on the Company, including but not limited to delayed access or loss of access to uninsured deposits or loss of the ability to
draw on existing credit facilities involving a troubled or failed financial institution. Any partner or supplier bankruptcy or insolvency,
or the failure of any partner to