Company: XHG
Filing Date: 2025-09-09
Form Type: F-3
Source: 0001213900-25-086186
Chunk: 54

Company: XChange TEC.INC
Filing Date: 2025-09-09
Form: F-3
Chunk 54
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 available for distribution among the holders of ordinary
shares shall be distributed among the holders of the ordinary shares on a pro rata basis. If our assets available for distribution are
insufficient to repay all of the paid-up ordinary share capital, the assets will be distributed so that the losses are borne by our holders
of ordinary shares proportionately.

Calls on Ordinary Shares and Forfeiture of Ordinary Shares

Our board of directors may from time to time make
calls upon shareholders for any amounts unpaid on their ordinary shares in a notice served to such shareholders at least 14 clear days
prior to the specified time of payment. The ordinary shares that have been called upon and remain unpaid are subject to forfeiture.

Redemption of Ordinary Shares

The Companies Act and our existing articles of
association permit us to purchase our own shares. In accordance with our existing articles of association and provided the necessary shareholders
or board approval have been obtained, we may issue shares on terms that are subject to redemption, at our option or at the option of the
holders of these shares, on such terms and in such manner, including out of capital, as may be determined by our board of directors.

Variations of Rights of Shares

All or any of the special rights attached to any
class of shares may, subject to the provisions of the Companies Act, be varied with the sanction of a special resolution passed at a general
meeting of the holders of the shares of that class. Separate general meetings of the holders of a class or series of shares may be called
only by (i) the chairman of our board of directors, or (ii) a majority of our board of directors (unless otherwise specifically provided
by the terms of issue of the shares of such class or series), and nothing in the existing articles of association shall give any shareholder
or shareholders the right to call a class or series meeting. The rights conferred upon the holders of the shares of any class issued shall
not, unless otherwise expressly provided by the terms of issue of the shares of that class, be deemed to be varied by the creation or
issue of further shares ranking pari passu with such existing class of shares.

General Meetings of Shareholders

A quorum required for a meeting of shareholders
consists of one or more shareholders present in person or by proxy representing not less than one-third of all voting power of the company’s
share capital in issue. (i) A majority of our board of directors, or (ii) the chairman of our board of directors, or (iii