Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 259

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 19
Chunk 259
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,000shares of a par value of $0.00166667each, with an increase of an additional9,700,000,000shares of a par value of $0.00166667each.

On May 30, 2023, the Company
held an extraordinary general shareholders meeting. At the Meeting, the Company’s shareholders approved (i) a share consolidation
of thirty (30) issued and unissued Class A ordinary shares with par value of $0.00166667each in the Company’s issued and unissued
share capital into one (1) share with par value of US$0.050(the “ Share Consolidation”) and (ii) an increase in the authorized
share capital of the Company from $16,666,700(divided in to333,333,333shares) to $50,000,000(divided in to1,000,000,000shares),
all of which will rank pari passu in all respects with all existing shares of the Company. On June 21, 2023, the Company paid cash to
certain minor shareholders and cancelled 11 (post-reverse stock split adjusted to 2) Class A ordinary shares due to share consolidation
reconciliation.

On September 5, 2023, the
Company held its 2023 special general meeting of shareholder. At the Meeting, the Company’s shareholders approved the following
among other items: (i) a share consolidation of every eight (8) issued and unissued Class A ordinary shares with par value of $0.050each
in the Company’s issued and unissued share capital be consolidated into one (1) share with par value of $0.40(the “ Share
Consolidation”); (ii) an increase in the authorized share capital of the Company from $50,000,000divided into125,000,000shares
of a nominal or par value of $0.40each, to $200,000,000divided into500,000,000shares of a nominal or par value of $0.40each (the
“ Share Capital Increase”); (iii) a dual-class share structure of Class A and Class B ordinary shares of the Company, with
each Class A and Class B ordinary share ranking pari passu and having the same rights, preferences, privileges and restrictions, except
that, voting as the same class, each Class B ordinary share is entitled to thirty (30) votes and each Class A ordinary is entitled