Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 170

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 10
Chunk 170
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 their Ordinary Shares. We may not issue shares or warrants to bearer.

As of the date of this Annual
Report, the authorized share capital of the Company is US$5,000,000,000 divided into (i) 4,980,000,000 Class A ordinary shares of a par
value of US$0.00003 each; and (ii) 20,000,000 Class B ordinary shares of a par value of US$0.00003 each. Subject to the provisions of
the Cayman Companies Act and the provisions, if any, of the Articles, and any directions given by any ordinary resolution and the rights
attaching to any class of existing shares, the directors may issue, allot, grant options over or otherwise dispose of shares (including
any fractions of Shares) and other securities of our Company at such times, to such persons, for such consideration and on such terms
as the directors may determine. Such authority could be exercised by the directors to allot shares which carry rights and privileges that
are preferential to the rights attaching to ordinary shares provided that if such operates to vary the rights of holders of ordinary shares
then the sanction of a special resolution of the affected class is required. No share may be issued at a discount except in accordance
with the provisions of the Cayman Companies Act. The directors may refuse to accept any application for shares, and may accept any application
in whole or in part, for any reason or for no reason.

Ordinary Shares

General. The
unissued shares of the Company shall be at the disposal of the Board, under its absolute discretion, at such times and for such consideration
and upon such terms and conditions and for any reason, without limitation, but so that no shares shall be issued at a discount to par
value. Except as otherwise expressly provided in the resolution or resolutions providing for the establishment of any class or series
of preferred shares, no vote of the holders shall be a prerequisite to the issuance of any shares of any class or series of the preferred
shares authorized by and complying with the conditions of the Articles. The Board may issue options, warrants, convertible securities
or other similar nature securities.

Ordinary Shares.
Our ordinary shares are divided into Class A ordinary shares and Class B ordinary shares. Holders of our Class A ordinary shares and Class
B ordinary shares have the same rights except for voting and conversion rights. Our ordinary shares are issued in registered form and
are issued when registered in our register of members.

Conversion