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

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-03-04
Form: F-3/A
Chunk 3
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 of the filing date of this registration statement. During the 12 calendar months
prior to and including the date of this prospectus, we have not offered or sold any securities pursuant to General Instruction I.B.5
of Form F-3.

Our Ordinary Shares are
currently listed on the Nasdaq Capital Market under the symbol “XTKG.” On March 3, 2025, the last reported sale price of
our ordinary shares on the Nasdaq Capital Market was US$0.556 per share. The applicable prospectus supplement will contain information,
where applicable, as to other listings, if any, on the Nasdaq Capital Market or other securities exchange of the securities covered by
the prospectus supplement.

Investing in our securities involves risks. You should carefully review the risks described under the heading “Risk Factors” beginning on page 10 and in the documents which are incorporated by reference herein before you invest in our securities.

Our Company is not an operating
company but a Cayman Islands holding company. Our operations are primarily conducted through our subsidiaries in Singapore and the PRC.
Investors investing in our ordinary shares thus are purchasing equity interest in a Cayman Islands holding company and not in an operating
entity.

We face various risks and
uncertainties relating to doing business in China. A substantial part of our business operations is conducted in China, and we are subject
to complex and evolving PRC laws and regulations. For example, we face risks associated with regulatory requirements on overseas offerings,
anti-monopoly regulatory actions, and oversight on cybersecurity and data privacy, which may impact our ability to conduct certain businesses,
accept foreign investments, or list and conduct offerings on a stock exchange in the United States or other foreign jurisdiction, and
we are required to make filings with the China Securities Regulatory Commission (the “CSRC”) for applicable securities offerings,
including an offering made pursuant to this prospectus. We are required to file with the CSRC within three working days after the subsequent
securities offering made pursuant to this prospectus is completed and we might face warnings or fines if we fail to fulfill related filing
procedure. Although there are still uncertainties regarding the interpretation and implementation of relevant regulatory guidance, our
operations could be adversely affected, directly or indirectly, by existing or future laws and regulations relating to its business or
industry. These risks could materially and adversely impact our operations and the value of our ordinary shares, significantly limit
or completely hinder our ability to continue to offer securities to investors, or cause the value of such securities