Company: XHG
Filing Date: 2025-09-09
Form Type: F-3
Source: 0001213900-25-086186
Chunk: 8

Company: XChange TEC.INC
Filing Date: 2025-09-09
Form: F-3
Chunk 8
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 except in the context of describing the consolidated financial information, also include the VIEs.           |

Unless otherwise indicated, the number of our
tenants, average lease term of our tenants, and our other operating data in this prospectus, any accompanying prospectus supplement and
related free writing prospectus, and the documents incorporated by reference herein and therein do not take into account tenants who choose
not to stay in our apartments after the first week of their leases. To encourage prospective tenants to try out our apartments, we have
put in place a policy to allow a new tenant to cancel a lease within three days from the move-in date, and we will return all rental,
deposits and fees penalty free. If a new tenant cancels the lease on the fourth to the seventh day, we will return all unused rental,
deposit and fees penalty free.

Our fiscal year end is September 30. “FY
2022” refers to our fiscal year ended September 30, 2022, “FY 2023” refers to our fiscal year ended September 30, 2023,
and “FY 2024” refers to our fiscal year ended September 30, 2024.

This prospectus is part of a registration statement
on Form F-3 that we filed with the United States Securities and Exchange Commission, or SEC, utilizing a shelf registration process permitted
under the Securities Act of 1933, as amended, or the Securities Act. By using a shelf registration statement, we may sell any of the securities
to the extent permitted in this prospectus and the applicable prospectus supplement, from time to time in one or more offerings on a continuous
or delayed basis. Each time we sell securities, we may provide a supplement to this prospectus that contains specific information about
the securities being offered and the terms of that offering. The supplement may also add, update or change information contained in this
prospectus. If there is any inconsistency between the information in this prospectus and any prospectus supplement, you should rely on
the prospectus supplement.

You should rely only on the information contained
or incorporated by reference in this prospectus, any applicable prospectus supplement or any related free writing prospectus that we may
authorize to be delivered to you. We have not authorized any other person to provide you with different information. If anyone provides
you with different or inconsistent information, you should not rely on it. We will not make an offer to sell these securities in any jurisdiction
where the