Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 139

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 6
Chunk 139
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 articles of association or in any agreement between our company
and such director (but without prejudice to any claim for damages under any such agreement)) be removed by way of either (a) a special
resolution of the shareholders; or (b) the affirmative vote of two-thirds of the other directors present and voting at a board meeting;
or (c) a resolution in writing (which complies with the requirements of the provisos contained in article 119 of our amended and restated
memorandum and articles of association) signed by all the directors other than the director being removed.

The office of a director shall be vacated if the
director (a) resigns his or her office by notice delivered to our company at the office or tendered at a meeting of our board of directors,
or (b) becomes of unsound mind or dies, or (c) without special leave of absence from our board of directors, is absent from meetings of
our board of directors for three (3) consecutive times, unless our board of directors resolves that his or her office not be vacated,
or (d) becomes bankrupt or has a receiving order made against him or her or suspends payment or compounds with his or her creditors, or
(e) is prohibited by law from being a director, or (f) ceases to be a director by virtue of any provision of the statutes or is removed
from office pursuant to our amended and restated memorandum and articles of association, or (g) for any director that is not an independent
director, without special leave of absence from our board of directors, is absent from more than fifty per cent (50%) of our weekly management
meetings in any financial year, unless our board of directors resolves that his or her office not be vacated; or (h) for any director
that is not an independent director, without special leave of absence from our board of directors, is present at the premises of our company,
or any of our subsidiaries, for less than 60 business days in any financial year, unless our board of directors resolves that his or her
office not be vacated.

Each director shall use his or her best efforts
to attend all meetings of our board of directors. Any director may at any time appoint another director to be his or her alternate director.
Any such appointment shall be in respect of a specific meeting of directors only and such appointment shall automatically cease upon termination
of such meeting. An alternate director may also be removed as an alternate director at any