Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 100

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 4
Chunk 100
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 Qingxiu, Nanning, Guangxi 530012, China                                           260  
  Hangzhou Office          Room 2020, No. 59, Xiaolongtou, Shuangpu, Xihu, Hangzhou, Zhejiang, China                                                         35  
  Zhuhai Office            8 th and 9 th Fl, C2 Building, Advance Business Park, No.29 Lanwan Road, Tangjia Bay, Xiangzhou District, Zhuhai, China         1820  
  Guangzhou Office         No.69, Nanhu Middle Road, Tonghe, Baiyun District, Guangzhou, China                                                          3150.69  
  Shenzhen Office          C705, Baozhong Excellence Times Square, Haitian Road, Xin’an Street, Bao’an District, Shenzhen, China                         164.77  
  Singapore HQ Office      Suite 412, Tower A, Tai Seng Exchange One Tai Seng Avenue, Singapore 536464                                                      210  

Employees

As of the date of this Annual
Report, we had a total of 137 full-time employees, of which 62 are in research and development, 10 are in sales and marketing, 29 are
in technical and customer services, and 36 are in general administration.

We have standard employment,
comprehensive confidentiality and non-compete agreements with our management and standard confidentiality and non-compete terms with all
other employees. As required by laws and regulations in China, we participate in various social security plans that are organized by municipal
and provincial governments, including pension insurance, medical insurance, unemployment insurance, maternity insurance, job-related injury
insurance and housing fund. We are required by PRC laws to make contributions to employee social security plans at specified percentages
of the salaries, bonuses and certain allowances of our employees, up to a maximum amount specified by the local government from time to
time.

We believe that we maintain
a good working relationship with our employees, and we have not experienced any labor disputes. None of our employee is represented by
a labor union or covered by collective bargaining agreements. We have not experienced any work stoppages.

Legal Proceedings

From time to time, we may
become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We are not currently a party
to any legal proceedings that in the opinion of the management, if determined adversely to us, would have a material adverse effect on
our business, financial condition