Company: XTKG
Filing Date: 2025-02-18
Form Type: F-3/A
Source: 0001213900-25-014646
Chunk: 3

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-02-18
Form: F-3/A
Chunk 3
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 filing date of this registration statement. During the 12 calendar months
prior to and including the date of this prospectus, we have not offered or sold any securities pursuant to General Instruction I.B.5
of Form F-3.

Our Ordinary Shares are
currently listed on the Nasdaq Capital Market under the symbol “XTKG.” On February 14, 2025, the last reported sale price of our ordinary shares on the Nasdaq Capital Market was US$0.59 per share. The applicable prospectus supplement will contain information, where applicable, as to other listings, if any, on the Nasdaq Capital Market or other securities exchange of the securities covered by the prospectus supplement.

Investing in our securities involves risks. You should carefully review the risks described under the heading “Risk Factors” beginning on page 10 and in the documents which are incorporated by reference herein before you invest in our securities.

Our Company is not an
operating company but a Cayman Islands holding company. Our operations are primarily conducted through our subsidiaries in Singapore
and the PRC. Investors investing in our ordinary shares thus are purchasing equity interest in a Cayman Islands holding company and not
in an operating entity.

We face various risks
and uncertainties relating to doing business in China. A substantial part of our business operations is conducted in China, and we are
subject to complex and evolving PRC laws and regulations. For example, we face risks associated with regulatory requirements on overseas
offerings, anti-monopoly regulatory actions, and oversight on cybersecurity and data privacy, which may impact our ability to conduct
certain businesses, accept foreign investments, or list and conduct offerings on a stock exchange in the United States or other foreign
jurisdiction, and we are required to make filings with the China Securities Regulatory Commission (the “CSRC”) for applicable
securities offerings, including an offering made pursuant to this prospectus. We are required to file with the CSRC within three working
days after the subsequent securities offering made pursuant to this prospectus is completed and we might face warnings or fines if we
fail to fulfill related filing procedure. Although there are still uncertainties regarding the interpretation and implementation of relevant
regulatory guidance, our operations could be adversely affected, directly or indirectly, by existing or future laws and regulations relating
to its business or industry. These risks could materially and adversely impact our operations and the value of our ordinary shares, significantly
limit or completely hinder our ability to continue to offer securities to investors, or cause the value of