Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 179

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 10
Chunk 179
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 shares with the approval
of a majority of the outstanding shares of such class, unless the certificate of incorporation provides otherwise. Under the Companies
Act and our Eighth Amended and Restated Memorandum and Articles of Association, if our share capital is divided into more than one class
of shares, we may vary the rights attached to any class with the sanction of a special resolution passed at a separate general meeting
of the holders of the shares of that class.

Amendment of Governing
Documents. Under the Delaware General Corporation Law, a corporation’s governing documents may be amended with the
approval of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise. As permitted
by the Companies Act, our Eighth Amended and Restated Memorandum and Articles of Association may only be amended with a special resolution
of our shareholders.

Rights of Non-resident
or Foreign Shareholders. There are no limitations imposed by our Eighth Amended and Restated Memorandum and Articles of
Association on the rights of non-resident or foreign shareholders to hold or exercise voting rights on our shares. In addition, there
are no provisions in our Eighth Amended and Restated Memorandum and Articles of Association governing the ownership threshold above which
shareholder ownership must be disclosed.

C. Material Contracts

We have not entered into any
material contracts other than in the ordinary course of business and other than those described in “ Item 4. Information on the Company,”
“ Item 5. Operating and Financial Review and Prospects - B. Liquidity and Capital Resources,” “ Item 7. Major Shareholders
and Related Party Transactions - B. Related Party Transactions,” or elsewhere in this Annual Report on Form 20-F.

D. Exchange Controls

Under Cayman Islands law,
there are currently no restrictions on the export or import of capital, including foreign exchange controls or restrictions that affect
the remittance of dividends, interest or other payments to nonresident holders of our shares. For details relating to the PRC law, see
“ Item 4. Information on the Company - B. Business Overview - Regulation - Regulation of Foreign Currency Exchange
and Dividend Distribution.”

E. Taxation

The following summary of
the material Cayman Islands, PRC and U. S. federal income tax consequences of an investment in our Ordinary Shares is based upon laws and
relevant interpretations thereof in effect as of the date of this Annual Report, all of which are subject to changes. This summary does
not deal with all possible