Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 181

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 19
Chunk 181
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*          Consent of Marcum                                                                                                                   
  97.1           Policy                                                                                                                              
  101. INS*      Inline XBRL Instance Document – the instance                                                                                        
  101. SCH*      Inline XBRL Taxonomy Extension Schema Document                                                                                      
  101. CAL*      Inline XBRL Taxonomy Extension Calculation Linkbase                                                                                 
  101. DEF*      Inline XBRL Taxonomy Extension Definition Linkbase                                                                                  
  101. LAB*      Inline XBRL Taxonomy Extension Label Linkbase Document                                                                              
  101. PRE*      Inline XBRL Taxonomy Extension Presentation Linkbase                                                                                
  104*           Cover Page Interactive Data File (embedded within the                                                                               

  Filed herewith  

  Furnished herewith  

SIGNATURES

The
registrant hereby certifies that it meets all of the requirements for filing its annual report on Form 20-F and that it has duly caused
and authorized the undersigned to sign this annual report on its behalf.

  XChange TEC. INC  
 ────────────────────

  By:         /s/                                  
  Name:       Zhichen Sun                          
  Title:      Chairman of the Board of Directors,  

Date: January
22, 2025

XCHANGE
TEC. INC

(formerly
known as “ FLJ GROUP LIMITED”)

INDEX
TO CONSOLIDATED FINANCIAL STATEMENTS

  Reports                                                                                                   F-2  
  Reports                                                                                                   F-3  
  Consolidated                                                                                              F-4  
  Consolidated                                                                                              F-5  
  Consolidated                                                                                              F-6  
  Consolidated                                                                                              F-7  
  Notes                                                                                                     F-9  

F-1

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the shareholders
and the board of directors of

XChange TEC. INC

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of XChange TEC. INC (formerly known as “ FLJ Group Limited”) and
its subsidiaries (collectively, the “ Company”) as of September 30, 2024 and 2023, and the related statements of operations,
changes in shareholders’ deficits and cash flows for each of the two years in the period ended September 30, 2024, and the related
notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly,
in all material respects, the financial