Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 141

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 6
Chunk 141
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.801,                       

  ***      For each person or group included in this column, percentage of total voting power represents voting power based on both Class A and Class B ordinary shares held by such person or group with re...  

   (1)      Former Chairman of the board of directors, chief executive officer, chief operating officer and vice president (resigned in October 2024).                                                            
   (2)      Former director and chief technology officer (removed in October 2024).                                                                                                                               
   (3)      Former Chairman of the board of directors and chief executive officer (resigned in January 2025).                                                                                                     
   (4)      Former director and vice president (resigned in October 2024).                                                                                                                                        
   (5)      Former director (resigned in May 2024).                                                                                                                                                               
   (6)      Former director (resigned in May 2024).                                                                                                                                                               
   (7)      Former director (resigned in May 2024).                                                                                                                                                               
   (8)      Former independent director (resigned in May 2024).                                                                                                                                                   
   (9)      Former independent director (resigned in May 2024).                                                                                                                                                   
   (9)      Former independent director (resigned in May 2024).                                                                                                                                                   
  (10)      Excludes the information of the former directors and officers.                                                                                                                                        
  (11)      The shares beneficially owned by Golden Stream Ltd. represents 6,392,789,000,000 Class B ordinary shares directly held by Golden Stream Ltd., the current ESOP Platform of the Company. Golden St...  

To our knowledge, 180,886,192,935,000 Class A
ordinary shares, representing approximately 73.44% of our total outstanding ordinary shares, were held by one record shareholder with
registered addresses in the United States, our depositary, The Bank of New York Mellon. We are not aware of any arrangement that may,
at a subsequent date, result in a change of control of our company.

  Disclosure of Registrant’s Action to Recover Erroneously Awarded Compensation.  
 ──────────────────────────────────────────────────────────────────────────────────

We have adopted a policy relating to recovery
of erroneously awarded compensation (the “ Clawback Policy”), a form of which is included as Exhibit 97.1 attached herein.

During or after FY2024, we were not required to
prepare an accounting restatement that required recovery of erroneously awarded compensation pursuant to the Claw