Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 147

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 10
Chunk 147
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ITEM 10. ADDITIONAL INFORMATION

  Share Capital  
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Not applicable.

  Memorandum and Articles of Association  
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We incorporate by reference into this annual report
“ Item 10. Additional Information - B. Memorandum and Articles of Association” in our Current Report on Form 6-K (File
Number: 001-39111) filed with the Securities and Exchange Commission on May 24, 2024.

  Material Contracts  
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The following summarizes each material contract,
other than contracts entered into in the ordinary course of business, to which we or any subsidiary of ours is a party for the immediately
preceding two years.

Lianlian Equity Acquisition Agreement.
On September 29, 2023, we entered into an equity acquisition agreement with Lianlian Holdings Inc. (“ Lianlian”) and certain
of Lianlian’s shareholders to acquire 95% of the issued and outstanding shares in Lianlian for an aggregate purchase price of RMB
1,800,000,000. The purchase price consists of cash and newly issued Class A ordinary shares of the Company, the exact portion of which
is determined by the Company at the closing of this acquisition. On December 28, 2023, we announced that we have, with mutual consents,
terminated such equity acquisition agreement.

Disposal Agreement I. On October 31, 2023,
we entered into an equity transfer agreement on October 31, 2023 to sell all of our equity interest in our indirectly wholly-owned subsidiary
Haoju (Shanghai) Artificial Intelligence Technology Co., Ltd., a limited company incorporated under the laws of PRC, to Wangxiancai Limited,
a limited company incorporated under the laws of Hong Kong, for nominal consideration.

Disposal Agreement II. On September 12,
2024, we entered into an equity transfer agreement on September 12, 2024 to sell all of our equity interest in our indirectly wholly-owned
subsidiary QK365. com. INC (BVI), a limited company incorporated under the laws of British Virgin Islands, FENGLINJU PROPERTY (CHINA) LIMITED,
a limited company incorporated under the laws of Hong Kong, and Shanghai Meileju Intelligent Technology Co., Ltd, a limited company incorporated
under the laws of PRC, to Wangxiancai Limited, a limited company incorporated under the laws of Hong Kong, for nominal consideration.