Company: XTKG
Filing Date: 2025-03-04
Form Type: F-3/A
Source: 0001213900-25-019896
Chunk: 18

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-03-04
Form: F-3/A
Chunk 18
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 private issuer status in the future, which could result in significant 
 additional costs and expenses.                                                              |

| ● | Our                                                                                       
 disclosure controls and procedures may not prevent or detect all errors or acts of fraud. |

| ● | If                                                                                                
 we fail to establish and maintain proper internal financial reporting controls, our ability       
 to produce accurate financial statements or comply with applicable regulations could be impaired. |

Risks Related to Our Ordinary Shares Risks and uncertainties related to our Shares include, but are not limited to, the following:

| ● | Our                                                                                         
 Shares may be delisted from the Nasdaq Capital Market as a result of our failure of meeting 
 the Nasdaq Capital Market continued listing requirements.                                   |

| ● | Our                                                                                            
 issuance of new shares and convertible note had a dilutive effect on our existing shareholders 
 and may adversely impact the market price of our Ordinary Shares.                              |

Risks Related to Doing Business in China Risks and uncertainties related to conducting business in China include, but are not limited to, the following:

| ● | The                                                                                                
 Chinese government may exert substantial influence over the manner in which we must conduct        
 our business activities. We are currently not required to obtain approval from Chinese authorities 
 to issue securities to foreign investors, however, if our subsidiaries or the holding company      
 were required to obtain approval in the future and were denied permission from Chinese authorities 
 to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange, which         
 would materially affect the interest of the investors.                                             |

| ● | We                                                                                         
 may be influenced by changes in the political and economic policies of the PRC government. |

| ● | Uncertainties                                                                               
 with respect to the interpretation and enforcement of PRC laws, rules and regulations could 
 have a material adverse effect on us.                                                       |

| ● | Recent                                                                                          
 regulatory initiatives implemented by the PRC competent government authorities on cyberspace    
 data security may have introduced uncertainty in our business operations and compliance status, 
 which could result in materially adverse impact on our business, results of operations and      
 our listing on Nasdaq.                                                                          |

| ● | We                                                                                             
 may be adversely affected by the complexity and uncertainties of and changes in PRC regulation 
 of Internet business and related companies.                                                    |

| ● | U.S.                                                                                
 regulators’ ability to conduct investigations or enforce rules in China is limited. |

| ● | We                                                                                        
 face uncertainty regarding the PRC tax reporting obligations and consequences for certain 
 indirect transfers of the stock