Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 161

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 10
Chunk 161
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 In addition, the statute
of limitations for assessment of tax would be suspended, in whole or part. Prospective investors should consult their own tax advisors
concerning the application of these rules to their investment in the Class A ordinary shares or the ADSs, including the application of
the rules to their particular circumstances.

Backup Withholding and Information Reporting

Dividends paid on, and proceeds from the sale
or other disposition of, the ADSs or Class A ordinary shares that are paid to a U. S. Holder generally may be subject to the information
reporting requirements of the Code and may be subject to backup withholding unless the U. S. Holder provides an accurate taxpayer identification
number and makes any other required certification or otherwise establishes an exemption. Backup withholding is not an additional tax.
The amount of any backup withholding from a payment to a U. S. Holder will be allowed as a refund or credit against the U. S. Holder’s
U. S. federal income tax liability, provided the required information is furnished to the IRS in a timely manner.

A holder that is a non-U. S. corporation or a non-resident
alien individual may be required to comply with certification and identification procedures in order to establish its exemption from information
reporting and backup withholding.

  Dividends and Paying Agents  
 ───────────────────────────────

Not applicable.

  Statement by Experts  
 ────────────────────────

Not applicable.

  Documents on Display  
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We have filed a registration statement, including
relevant exhibits, with the SEC on Form F-1 (Registration No. 333-234112) under the Securities Act to register the issuance and sale of
our ordinary shares represented by ADSs in relation to our initial public offering. We have also filed a related registration statement
on Form F-6 (Registration No. 333-234252) with the SEC to register the ADSs. We have also filed a registration statement on Form F-3 (File
Number 333-258187) with the SEC.

We are subject to periodic reporting and other
informational requirements of the Exchange Act as applicable to foreign private issuers. Accordingly, we are required to file reports,
including annual reports on Form 20-F, and other information with the SEC. All information filed with the SEC can be obtained over the
internet at the SEC’s website at www. sec. gov.

As a foreign private issuer, we are exempt under