Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 130

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 6
Chunk 130
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: Gender Identity                                                                                  
  Directors                                             2         2               0                     0  
  Part II: Demographic Background                                                                          
  Underrepresented Individual in Home Country                                     0                        
  LGBTQ+                                                                          0                        
  Did Not Disclose Demographic Background                                         0                        

  Compensation  
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For FY 2024, we accrued an aggregate of approximately
RMB1.92 million (US$0.27 million) in compensation to our directors and executive officers. Except as disclosed in this annual report,
we have not set aside or accrued any amount to provide pension, retirement or other similar benefits to our executive officers and directors.
Our PRC subsidiaries are required by law to make contributions equal to certain percentages of each employee’s salary for his or
her pension insurance, medical insurance, unemployment insurance and other statutory benefits and a housing provident fund.

Employment Agreements and Indemnification Agreements

We have entered into employment agreements with
each of our executive officers. Under these agreements, each of our executive officers is employed for a specified time period. We may
terminate employment for cause, at any time, for certain acts of the executive officer, such as conviction or plea of guilty to a felony
or any crime involving moral turpitude, negligent or dishonest acts to our detriment, or misconduct or a failure to perform agreed duties.
If the executive officer otherwise fails to perform agreed duties, we may terminate employment upon 30 day advance written notice. In
such case of termination by us, we will provide severance payments to the executive officer as expressly required by applicable law of
the jurisdiction where the executive officer is based. The executive officer may resign at any time upon mutual agreement or 30 day advance
written notice.

Each executive officer has agreed to hold, both
during and after the termination or expiry of his or her employment agreement, in strict confidence and not to use, except as required
in the performance of his or her duties in connection with the employment or pursuant to applicable law, any of our confidential information
or trade secrets, any confidential information or trade secrets of our clients or prospective clients, or the confidential or proprietary
information of any third party received by us and for which we have confidential obligations. The executive officers have also agreed
to disclose in confidence to us all inventions, designs and trade secrets which they conceive, develop or reduce to practice during the
executive officer’s employment with us and to assign all right, title and interest in