Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 1

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 1
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 about factors you should consider before purchasing our Class A Ordinary Shares.

Note:

| (1) | before giving effect of the one-to-six reverse stock split, which was approved by the extraordinary general meeting of the shareholders 
 on February 10, 2025.                                                                                                                   |

We are not an operating company
but a Cayman Islands holding company. We conduct operations through our subsidiaries, with our operations in China currently being conducted
by our PRC subsidiaries. Investors in our Class A Ordinary Shares are not acquiring equity interest in any operating company but
instead are acquiring interest in a Cayman Islands holding company. This holding company structure involves unique risks to investors.
As a holding company, we may rely on dividends from our subsidiaries for cash requirements, including any payment of dividends to our
shareholders. The ability of our subsidiaries to pay dividends or make distributions to us may be restricted by laws and regulations applicable
to them or the debt they incur on their own behalf or the instruments governing their debt. In addition, PRC regulatory authorities could
disallow this holding company structure and limit or hinder our ability to conduct our business through, receive dividends or distributions
from, or transfer funds to, the operating companies or list on a U.S. or other foreign exchange, which could cause the value of our securities
to significantly decline or become worthless. See “Prospectus Supplement Summary — Cash Transfers Through our Organization and Dividend Policy.”

We face various legal and
operational risks and uncertainties relating to doing business in China. Our business operations are primarily conducted in China, and
we are subject to complex and evolving PRC laws and regulations. For instance, the PRC government has issued statements and regulatory
actions relating to areas such as regulatory approvals on overseas offerings and listings by, and foreign investment in, China-based issuers,
anti-monopoly regulatory actions, and oversight on cybersecurity and data privacy. It remains uncertain how PRC government authorities
will regulate overseas listings and offerings in general and whether we can fully comply with the applicable regulatory requirements,
including completing filings with the China Securities Regulatory Commission, or the CSRC, and whether we are required to complete other
filings or obtain any specific regulatory approvals from the CSRC, the Cyberspace Administration of China, or the CAC, or any other PRC
government authorities for our overseas offerings and listings, as applicable. In addition, if future regulatory developments mandate
clearance of cybersecurity review or other specific actions to be completed by China-based companies listed on foreign stock exchanges,