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

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 17
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 Review is not
currently applicable to our Company, and we are not required to conduct cybersecurity review.

<div align='center'>S-6</div>

However, the
aforementioned regulations and policies and any related implementation rules to be enacted may subject us to additional
compliance requirement in the future. As these laws and regulations were recently issued, official guidance and interpretation of
the opinions remain unclear, and we cannot assure you that we will remain fully compliant with all new regulatory requirements of
these laws and regulations or any future implementation rules on a timely basis, or at all. See “Item 3. Key Information
— D. Risk Factors — Risks Related to Doing Business in China — The Chinese government may exert substantial
influence over the manner in which we must conduct our business activities. We are currently not required to obtain approval
from Chinese authorities to issue securities to foreign investors, however, if our subsidiaries or the holding company were required
to obtain approval in the future and were denied permission from Chinese authorities to list on U.S. exchanges, we will not be able
to continue listing on U.S. exchange, which would materially affect the interest of the investors” in our most recent annual
report on Form 20-F.

On February 17,
2023, the CSRC issued the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Enterprises (the “Trial
Measures”) and five supporting guidelines (collectively, the “Overseas Listings Rules”), which became effective on March
31, 2023. These rules propose to establish a new filing-based regime to regulate overseas offerings and listings by Chinese domestic companies.
Under the Overseas Listings Rules, Chinese domestic companies conducting overseas securities offering and listing activities, either in
direct or indirect form, shall complete filing procedures with the CSRC pursuant to the requirements of the Trial Measures within three
working days following its submission of initial public offering or listing application. Since the date of effectiveness of the Trial
Measures, the domestic enterprises otherwise subject to filing that have been listed overseas or met the following circumstances are considered
existing enterprises. Existing enterprises are not required to file immediately, and filing should be made as required if they conduct
refinancing activities or other matters requiring filings in the future. These risks could completely hinder our ability to offer or continue
to offer securities to investors, or cause such securities to significantly decline in value or become worthless. Generally, any action
by the Chinese government to exert more oversight and control over foreign investment in