Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 22

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 22
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 prevent us from using the proceeds of the offerings to
make loans or additional capital contributions to our PRC subsidiary, which could materially and adversely affect our liquidity and our
ability to fund and expand our business” on pages 38 and 39 of our most recent annual report on Form 20-F. Therefore, to the extent
that cash is located in the PRC or within a PRC domiciled entity and may need to be used to fund operations outside of the PRC, the funds
may not be available due to limitations placed to us by the PRC government.

Our board of directors has
complete discretion on whether to distribute dividends, subject to the applicable laws and regulations. We do not have any current plan
to declare or pay any cash dividends on our Ordinary Shares in the foreseeable future. See “Item 3. Key Information — D. Risk
Factors — Risks Related to Our Corporate Structure — We will likely not to pay dividends in the foreseeable future”
on page 27 of our most recent annual report on Form 20-F.

U.S. investors will not be
subject to Cayman Islands, British Virgin Islands, or Hong Kong taxation on dividend distributions, and no withholding will be required
on the payment of dividends or distributions to them, while they may be subject to U.S. federal income tax for receiving dividends, to
the extent that the distribution is paid out of our current or accumulated earnings and profits, as determined under U.S. federal income
tax principles. See “Item 10. Additional Information — E. Taxation” of our most recent annual report on Form 20-F. Additionally,
a withholding tax rate of 10% on dividends may be payable by our PRC subsidiaries to their non-PRC enterprise shareholders. See “Item
3. Key Information — D. Risk Factors — Risk Related to Doing Business in China — We may rely on dividends and other
distributions on equity paid by our PRC subsidiaries to fund any cash and financing requirements that we may have, and any limitation
on the ability of our PRC subsidiaries to make payments to us could have a material and adverse effect on our ability to conduct our business”
on page 38 of our most recent annual report on Form 20-F.

<div align='center'>S-9</div>

Our Risks and Challenges Investing in our securities entails a significant level of risk. Before investing in our Class A Ordinary Shares, you should carefully consider all of the risks and uncertainties mentioned in the section titled “Risk