Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 24

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 3
Chunk 24
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 our licenses to third-party software, or cannot obtain licenses to new software as needed to enhance our services, our
business and results of operations may be adversely affected.

We may need additional capital and any failure
by us to raise additional capital on terms favorable to us, or at all, could limit our ability to grow our business and develop or enhance
our service offerings to respond to market demand or competitive challenges.

We believe that our current
cash and cash flow from operations would be sufficient to meet our anticipated cash needs for at least the next 12 months from the date
of this Annual Report. However, in order to capitalize on the growing needs of the Company, we intend to expand to capture additional
market shares. Thus, we may however, require additional cash resources for our research and development, sales and marketing and potential
strategic alliances and acquisitions. If these cash resources are insufficient to satisfy our cash requirements, we may seek to sell additional
equity or debt securities or obtain a credit facility. The sale of additional equity securities could result in dilution to our shareholders.
The incurrence of indebtedness would result in increased debt service obligations and could require us to agree to operating and financing
covenants that would restrict our operations. Our ability to obtain additional capital on acceptable terms is subject to a variety of
uncertainties, including:

  investors’                                                                               

  conditions                                                                  
  of the U. S. and other global markets in which we may seek to raise funds;  
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  our                                                    

  PRC                                                    

  economic,                                     

  PRC                                                                                              

In the event that we are in
need of additional financing, such financing may not be available in amounts or on terms acceptable to us, if at all. Any failure by us
to raise additional funds on terms favorable to us, or at all, could limit our ability to grow our business and develop or enhance our
solution and service offerings to respond to market demand or competitive challenges.

Failure to comply with anti-bribery, anti-corruption,
and anti-money laundering laws could subject us to penalties and other adverse consequences.

We are subject to anti-corruption,
anti-bribery and anti-money laundering laws in China and various other jurisdictions. From time to time, we leverage third party partners
and intermediaries, including channel partners, to sell our services. We and our third-party intermediaries may have direct or indirect
interactions with officials and employees of