Company: XCH
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0000950170-25-056976
Chunk: 9

Company: XCHG Ltd
Filing Date: 2025-04-23
Form: 20-F
Item: Item 3
Chunk 9
---
 to Our Business—Failure to effectively expand our sales and marketing capabilities could harm our ability to increase our customer base and achieve broader market acceptance of our solutions.”
•Risks associated with our ability to offer high-quality products and services. For details, see “Item 3. Key Information—3.D. Risk Factors—Risks Related to Our Business—If we fail to offer high-quality products and services, or fail to maintain high availability of our products or services and strong user experience, our business and reputation will suffer.”

Risks Related to Regulations
Risks and uncertainties related to regulations include, but are not limited to, the following:
•Uncertainties regarding the interpretation and enforcement of laws, rules and regulations. For details, see “Item 3. Key Information—3.D. Risk Factors—Risks Related to Regulations—There are uncertainties regarding the interpretation and enforcement of laws, rules and regulations in the jurisdictions in which we operate. In addition, such laws, rules and regulations are continually evolving.”
•Uncertainties regarding the changes and developments in the PRC legal system and the interpretation and enforcement of PRC laws, rules and regulations. For details, see “Item 3. Key Information—3.D. Risk Factors—Risks Related to Regulations—The PRC government may promulgate new laws and regulations that could impact our operations from time to time. Changes and developments in the PRC legal system and the interpretation and enforcement of PRC laws, rules and regulations may subject us to uncertainties. In addition, the PRC government has recently promulgated laws and regulations on securities offerings conducted overseas and foreign investment in China-based issuers, which could result in a material change in our operations and the value of our securities.”
•Risks associated with the approval, filing or other administrative requirements of the China Securities Regulatory Commission or other PRC government authorities. For details, see “Item 3. Key Information—3.D. Risk Factors—Risks Related to Regulations—The approval, filing or other administrative requirements of the China Securities Regulatory Commission or other PRC government authorities may be required in connection with our future offerings under PRC law. Furthermore, the PRC government has recently promulgated laws and regulations on overseas securities offerings and other capital markets activities and foreign investment in China-based companies like us. Any such action, once taken by the PRC government, could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or in extreme