Company: XHG
Filing Date: 2025-09-09
Form Type: F-3
Source: 0001213900-25-086186
Chunk: 57

Company: XChange TEC.INC
Filing Date: 2025-09-09
Form: F-3
Chunk 57
---
 or by telephone or in such other manner as our board of directors may from time to time
determine.

A resolution in writing signed by all the directors
(other than in the circumstances set out in article 85 in our amended and restated memorandum and articles of association) except such
as are temporarily unable to act due to ill-health or disability shall (provided that (i) the circulation of such resolutions has the
prior approval of, and is initiated by, the chairman of our board of directors, (ii) such number of signatories includes the chairman
of our board of directors and is sufficient to constitute a quorum, and (iii) further provided that a copy of such resolution has been
given or the contents thereof communicated to all the directors for the time being entitled to receive notices of board meetings in the
same manner as notices of meetings are required to be given by our amended and restated memorandum and articles of association) be as
valid and effectual as if a resolution had been passed at a meeting of our board of directors duly convened and held.

<div align='center'>29</div>

Exempted Company

We are an exempted company with limited liability
incorporated under the Companies Act. The Companies Act in the Cayman Islands distinguishes between ordinary resident companies and exempted
companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to
be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary company except
for the exemptions and privileges listed below:

| ● | an exempted company does not                                                       
 have to file an annual return of its shareholders with the Registrar of Companies; |

| ● | an exempted company’s                          
 register of members is not open to inspection; |

| ● | an exempted company does not            
 have to hold an annual general meeting; |

| ● | an exempted company may issue 
 no par value shares;          |

| ● | an exempted company may obtain                                                                                                         
 an undertaking against the imposition of any future taxation (such undertakings are usually given for 20 years in the first instance); |

| ● | an exempted company may register                                                          
 by way of continuation in another jurisdiction and be deregistered in the Cayman Islands; |

| ● | an exempted company may register   
 as a limited duration company; and |

| ● | an exempted company may register   
 as a segregated portfolio company.