Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 166

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 7
Chunk 166
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 (2)                                      1,411,094                        1,126,776  
  Short term bank loans                     $                 3,877,084      $                 3,943,718  

Notes:

  (1)      Fixed interest rates ranging from 3.90% to 4.20%, maturity dates from January 16, 2024 to April 10, 2025                                     
           and guaranteed by the representative of Zhuhai Powerbridge, the Group’s CEO and CEO’s spouse and a third party. The Group                    
           pledged buildings with the aggregated carrying value of $2.1 million and $2.3 million as of December 31, 2024 and 2023 to secure the loans.  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  (2)      Fixed interest rates ranging from 3.5% to 4.1%, maturity on from June 28, 2024 to December 16, 2025 and                           
           guaranteed by the Group’s CEO. The Group pledged fixed asset with the aggregated carrying value of $1.6 million and $1.7 million  
           as of December 31, 2024 and 2023 to secure the loan, the Group’s CEO pledged personal property to secure some of these loans.     
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Employment Agreements

See “ Item 6. Directors,
Senior Management and Employees - B. Compensation of Directors and Executive Officers - Employment Agreements.”

Share Incentives

See “ Item 6. Directors,
Senior Management and Employees - B. Compensation of Directors and Executive Officers - 2018 Stock Option Plan.”

C. Interests of Experts and Counsel

Not applicable.

Item 8. FINANCIAL INFORMATION