Company: XHG
Filing Date: 2025-09-09
Form Type: F-3
Source: 0001213900-25-086186
Chunk: 2

Company: XChange TEC.INC
Filing Date: 2025-09-09
Form: F-3
Chunk 2
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 (ii) Class A ordinary
shares, , (iii) preferred shares, (iv) warrants, (v) units, and (vi) debt securities, or any combination thereof, in one or more offerings
under this prospectus at prices and on terms described in one or more supplements to this prospectus.

We refer to our Class A ordinary shares, ADSs,
preferred shares, warrants, units and debt securities collectively as “securities” in this prospectus.

Each time we sell securities, we will provide
a supplement to this prospectus that contains specific information about the offering and the terms of the securities. The supplement
may also add, update or change information contained in this prospectus. We may also authorize one or more free writing prospectuses to
be provided in connection with a specific offering. You should read this prospectus, any prospectus supplement and any free writing prospectus
carefully before you invest in any of our securities.

We may sell the securities registered hereunder
to or through one or more underwriters, dealers and agents, or directly to purchasers, or through a combination of these methods, on a
continuous or delayed basis. See “Plan of Distribution.” If any underwriters, dealers or agents are involved in the sale of
any of the securities, their names, and any applicable purchase price, fee, commission or discount arrangements between or among them,
will be set forth, or will be calculable from the information set forth, in the applicable prospectus supplement.

Our ADSs are listed on the NASDAQ Global Market
and are traded under the symbol “XHG.” On September 8, 2025, the closing price of our ADSs on the NASDAQ Global Market
was US$0.936 per ADS.

Investing in our securities involves risks. You should read the “ Risk Factors” section in this prospectus, any applicable prospectus supplement, any related free writing prospectus and the documents we incorporate by reference in this prospectus before investing in our securities.

This prospectus may not be used to offer or sell
any securities unless accompanied by a prospectus supplement. XChange TEC.INC (formerly known as FLJ Group Limited) is not an operating
company but a Cayman Islands holding company with operations conducted by our subsidiaries in China. Investors in our securities have
purchased securities of a holding company incorporated in the Cayman Islands. On October 26, 2021 and December 17, 2021, we transferred
all of