Company: XHG
Filing Date: 2025-10-29
Form Type: F-3/A
Source: 0001213900-25-103499
Chunk: 14

Company: XChange TEC.INC
Filing Date: 2025-10-29
Form: F-3/A
Chunk 14
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 an exempted Cayman Islands company and its wholly owned subsidiaries.

Company Overview

We acquired Alpha Mind, an insurance agency and
insurance technology business in the PRC, on December 28, 2023, and conduct insurance agency and insurance technology businesses in the
PRC through the Current WFOE and Current VIEs which provides a wide variety of insurance products underwritten by major insurance companies,
including industry leading and/or state-owned property and casualty insurance companies as well as certain regional property and casualty
insurance companies in China. Through the Current VIEs, we hold the insurance agent operating license which is required under applicable
PRC laws to conduct insurance agency business in China.

As an insurance agency, we are not involved
in underwriting insurance policies. We are committed to providing insurance purchasers with comprehensive services, spanning from application
to claim settlement, through our professional and dedicated approach. We have accumulated substantial expertise and successfully expanded
our insurance product portfolio to encompass a wide range of offerings. These include life, health, group accident, and various other
property-related insurances. Leveraging the growing ubiquity of mobile internet, we introduced the SaaS platform in 2023. The SaaS platform
functions as an internal operational management system designed to enhance the efficiency and scalability of insurance operations. While
it does not directly generate revenue, it provides a foundational infrastructure that enables insurance institutions and individual insurance
brokers to onboard smoothly through a one-click process. This facilitates the rapid configuration of organizational structures, user
accounts, client profiles, and access permissions. The platform integrates in real-time with external insurance databases, appointment
scheduling systems, policy records, and performance tracking data. This integration creates a fully closed-loop sales process, enhancing
data consistency and operational continuity across all stages. To support business growth and adaptability, the platform offers reserved
expansion interfaces (an application programming interface used to connect with insurance providers). These allow for the quick integration
of multiple insurance companies and their products, enabling a broader service offering and partnership ecosystem. Insurance brokers
can also use the front-end interface of the SaaS platform to show the products detail to consumers, which can improve the efficiency
of insurance selling process. By leveraging data-driven insights and standardized operational workflows, the system helps reduce the
administrative overhead and costs associated with insurance operations. Ultimately, it makes insurance sales more straightforward, management
more transparent, and customer service more professional. This technological advancement has streamlined and popularized our insurance
agency business, enhancing accessibility and