Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 161

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 6
Chunk 161
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 directors must ensure compliance with our
Eighth Amended and Restated Memorandum and Articles of Association. We have the right to seek damages if a duty owed by our directors
is breached.

The functions and powers of our Board include,
among others:

  appointing officers and determining the term of office of the officers;  

  giving to any person the right or option of requiring at a future date that an allotment shall be made to him of any share at par or at such premium as may be agreed;  
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  exercising the borrowing powers of the Company and mortgaging the property of the Company;  

  giving to any Directors, officers or employees of the Company an interest in any particular business or transaction or participation in the profits thereof or in the general profits of the Comp...  

  resolving that the Company be deregistered in the Cayman Islands and continued in a named jurisdiction outside the Cayman Islands subject to the provisions of the Companies Act.  

Interested Transactions

A director may vote, attend
a board meeting or sign a document on our behalf with respect to any contract or transaction in which he/she is interested. A director
must promptly disclose the interest to all other directors after becoming aware of the fact that he/she is interested in a transaction
we have entered into or are to enter into. A general notice or disclosure to the Board or otherwise contained in the minutes of a meeting
or a written resolution of the Board or any committee of the Board that a director is a shareholder, director, officer or trustee of any
specified firm or company and is to be regarded as interested in any transaction with such firm or company will be sufficient disclosure,
and, after such general notice, it will not be necessary to give special notice relating to any particular transaction.

Remuneration and Borrowing

The directors may receive
such remuneration as our Board may determine from time to time. For the services rendered by the independent director in any
capacity the Company will a cash fee ranging from USD $1,500 to $5,000 per month. Each director is entitled to be repaid or prepaid for
all traveling, hotel and incidental expenses reasonably incurred or expected to be incurred in attending meetings of our Board or committees
of our Board or shareholder meetings or otherwise in connection with the discharge of his/her duties as a director. The Compensation Committee
will assist the directors in reviewing and approving the compensation