Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 39

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 39
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 Designated Stock Exchange may determine                                               
 to be payable or such lesser sum as the Board may from time to time require is paid to the Company in respect thereof; |

| ● | the instrument of transfer is in respect of only one class of share;                                                                       |
| ● | the instrument of transfer is lodged at the Office or such other place                                                                     
 at which the Register is kept in accordance with the Law or the Registration Office (as the case may be) accompanied by the relevant share 
 certificate(s) and such other evidence as the Board may reasonably require to show the right of the transferor to make the transfer (and,  
 if the instrument of transfer is executed by some other person on his behalf, the authority of that person so to do); and                  |
| ● | the instrument of transfer is properly stamped, if required.                                                                               |

If our directors refuse to
register a transfer, they shall, within three months after the date on which the instrument of transfer was lodged, send to each of the
transferor and the transferee notice of such refusal.

The registration of transfers
may, on 14 days’ notice being given by advertisement in one or more newspapers or by electronic means, be suspended and the register
closed at such times and for such periods as our board of directors may from time to time determine.

Conversion.
Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Each Class B Ordinary Share is convertible
into one (1) Class A Ordinary Share at any time at the option of the holder thereof or automatically as set out in our Eighth Amended
and Restated Memorandum and Articles of Association. The right to convert shall be exercisable by the holder of the Class B Ordinary Share
delivering a written notice to the Company that such holder elects to convert a specified number of Class B Ordinary Shares into Class
A Ordinary Shares.

<div align='center'>S-22</div>

Any conversion of Class B
Ordinary Shares into Class A Ordinary Shares pursuant to the Eighth Amended and Restated Articles of Association of the Company, as amended
from time to time, shall be effected by means of the re-designation and re-classification of each relevant Class B Ordinary Share as
a Class A Ordinary Share. Such conversion shall become effective forthwith upon entries being made in the register of members to record
the re-designation and re-classification of the relevant Class B Ordinary Shares as Class A Ordinary Shares.

Liquidation.On
the winding up of our company,