Company: XTKG
Filing Date: 2025-03-04
Form Type: F-3/A
Source: 0001213900-25-019896
Chunk: 25

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-03-04
Form: F-3/A
Chunk 25
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 originally sold by the syndicate member are purchased in a syndicate covering transaction to cover syndicate short positions. Stabilizing transactions, syndicate covering transactions and penalty bids may cause the price of the securities to be higher than it would be in the absence of the transactions. The underwriters may, if they commence these transactions, discontinue them at any time.

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DESCRIPTION OF CAPITAL SHARE</div>

General

We are a Cayman Islands exempt
company and our affairs are governed by our Seventh Amended and Restated Memorandum and Articles of Association and Companies Law of
the Cayman Islands, which we refer to as the Companies Law below. As of the date hereof, our authorized share capital is US$240,000,000,000
divided into (i) 4,980,000,000 Class A ordinary shares of a par value of US$48 each; and (ii) 20,000,000 Class B ordinary shares of a
par value of US$48 each.

As of the date of this prospectus,
there are 1,372,164 Class A ordinary shares issued and outstanding and 12,195 Class B ordinary shares issued and outstanding. The following
are summaries of material provisions of our Seventh Amended and Restated Memorandum and Articles of Association and the Companies Law
insofar as they relate to the material terms of our ordinary shares.

Ordinary Shares

General. The unissued
shares of the Company shall be at the disposal of the Board, under its absolute discretion, at such times and for such consideration
and upon such terms and conditions and for any reason, without limitation, but so that no shares shall be issued at a discount to par
value. Except as otherwise expressly provided in the resolution or resolutions providing for the establishment of any class or series
of preferred shares, no vote of the holders shall be a prerequisite to the issuance of any shares of any class or series of the preferred
shares authorized by and complying with the conditions of the Seventh Amended and Restated Memorandum and Articles of Association. The
board may issue options, warrants, convertible securities or other similar nature securities.

Ordinary Shares. Our ordinary shares are divided into Class A ordinary shares and Class B ordinary shares. Holders of our Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. Our ordinary shares are issued in registered form and are issued when registered in our register of members.

Conversion. Each Class B