Company: XHG
Filing Date: 2025-09-09
Form Type: F-3
Source: 0001213900-25-086186
Chunk: 51

Company: XChange TEC.INC
Filing Date: 2025-09-09
Form: F-3
Chunk 51
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625,000,000,000,000 Class B ordinary shares.,
and 500,000,000,000 preferred shares, of which 123,715,022,675 ordinary shares are issued and outstanding.

Our Fourth Amended and Restated Memorandum and Sixth Amended and Restated Articles of Association

The following are summaries of material provisions
of our fourth amended and restated memorandum and sixth amended and restated articles of association and the Companies Act insofar as
they relate to the material terms of our Class A ordinary shares and Class B ordinary shares. You should read the forms of our current
memorandum and articles of association filed with the SEC. For information on how to obtain copies of our current memorandum and articles
of association, see “Where You Can Find More Information About Us.”

Ordinary Shares

General

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.
Our shareholders who are non-residents of the Cayman Islands may freely hold and vote their shares.

Conversion

Each Class B ordinary share is convertible into
one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary
shares under any circumstances. Upon any transfer of Class B ordinary shares by a holder to any person or entity which is not an affiliate
of such holder, such Class B ordinary shares shall be automatically and immediately converted into the equivalent number of Class A ordinary
shares.

Dividends

The holders of our ordinary shares are entitled
to such dividends as may be declared by our board of directors. Our existing articles of association provide that dividends may be declared
and paid out of our profits, realized or unrealized, or from any reserve set aside from profits which our board of directors determine
is no longer needed. Dividends may also be declared and paid out of share premium account or any other fund or account which can be authorized
for this purpose in accordance with the Companies Act (As Revised), as amended and revised of the Cayman Islands.

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Voting Rights

Holders of our ordinary shares have the right
to receive notice of, attend, speak and vote at general meetings of our company. Except as required by applicable law and subject to the