Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 193

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 10
Chunk 193
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availability of and procedure for obtaining an exemption from backup withholding in their particular circumstances.

Individual U. S. Holders may
be required to report ownership of our Ordinary Shares and certain related information on their individual federal income tax returns
in certain circumstances. Generally, this reporting requirement will apply if (1) the Ordinary Shares are held in an account of the individual
U. S. Holder maintained with a “foreign financial institution”; or (2) the Ordinary Shares are not held in an account maintained
with a “financial institution,” as such terms are defined in the Code. The reporting obligation will not apply to an individual,
however, unless the total aggregate value of the individual’s foreign financial assets exceeds US$50,000 during a taxable year.
For avoidance of doubt, this reporting requirement should not apply to Ordinary Shares held in an account with a U. S. brokerage firm.
Failure to comply with this reporting requirement, if it applies, will result in substantial penalties. In certain circumstances, additional
tax and other reporting requirements may apply, and U. S. Holders of our Ordinary Shares are advised to consult with their own tax advisors
concerning all such reporting requirements.

F. Dividends and Paying Agents

On March 5, 2024, the Board
of Directors approved a special stock dividend to pay in a total of 778,738 (post-reverse stock split adjusted to 129,789) Class A ordinary
shares to the holders of record of all the issued and outstanding shares of the Company as of the close of business on April 26, 2024
(the “ Record Date”). This dividend was distributed on May 27, 2024, for every 100 shares held on the Record Date, the shareholders
will receive an additional 6 common shares.

G. Statement by Experts

Not applicable.

H. Documents on Display

We are subject to the periodic
reporting and other informational requirements of the Exchange Act. Under the Exchange Act, we are required to file reports and other
information with the SEC. As allowed by the SEC, in Item 19 of this Annual Report, we incorporate by reference certain information we
previously filed with the SEC. This means that we can disclose important information to you by referring you to another document filed
separately with the SEC. The information incorporated by reference is considered to be part of this Annual Report.

Documents concerning us that
are referred to in this document may be inspected at Suite 412, Tower A,