Company: XHG
Filing Date: 2025-05-12
Form Type: 6-K
Source: 0001213900-25-042057
Chunk: 1

Company: XChange TEC.INC
Filing Date: 2025-05-12
Form: 6-K
Chunk 1
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 “Conversion Documents”), pursuant to which,
the Company agreed to issue to Infinity Asset and Infinity Asset agreed to subscribe from the Company, 108,027,515,844 Class A ordinary
shares, par value US$0.0000001 per share, of the Company (the “Converted Shares”), as the repayment by the Company to Infinity
Asset of all outstanding principal amount and accrued interest under the Note with a total amount of US$51,988,242. On the same date,
the Company consummated the issuance of the Converted Shares. The Converted Shares were issued in reliance upon the exemption from securities
registration pursuant to Regulation S promulgated under the Securities Act of 1933, as amended (the “Securities Act”).

On May 9, 2025, the Company adopted an equity incentive
plan (the “2025 Equity Incentive Plan”) and issued thereunder 11,800,000,000 Class B ordinary shares, par value US$0.0000001
per share, of the Company (the “Reserved Shares”) to Golden Stream Ltd., a limited liability company incorporated in Cayman
Islands (the “ESOP Platform”). The ESOP Platform will hold the Reserved Shares (i) before any granting or vesting to the participants
of the 2025 Equity Incentive Plan (the “Participants”), and (ii) after any vesting to the Participants, on behalf of the Participants
pursuant to the respective share award agreements. The Reserved Shares were issued in reliance upon the exemption from securities registration
afforded by Section 4(a)(2) of the Securities Act.

Following the issuance of the Converted Shares
and Reserved Shares, as of the date hereof, the Company has a total of 111,851,094,785 Class A ordinary shares and 11,863,927,890
Class B ordinary shares issued and outstanding.

<div align='center'>EXHIBIT INDEX</div>

| Number 
 99.1   
 99.2   |     | Description of Document                        
 Share Subscription Agreement dated May 9, 2025 
 Payoff Letter dated May 9, 2025                |
|:-------|:----|:-----------------------------------------------|
| 99.3   |     | 2025 Equity Incentive Plan                     |

<div align='center'>2

SIGNATURES</div>

Pursuant to the requirements of the Securities
Exchange Act of 1934, the registr