Company: XHG
Filing Date: 2025-10-29
Form Type: F-3/A
Source: 0001213900-25-103499
Chunk: 91

Company: XChange TEC.INC
Filing Date: 2025-10-29
Form: F-3/A
Chunk 91
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 is issued may provide that the securities included in the
unit may not be held or transferred separately, at any time or at any time before a specified date.

The following description is a summary of selected
provisions relating to units that we may offer. The summary is not complete. When units are offered in the future, a prospectus supplement,
information incorporated by reference or a free writing prospectus, as applicable, will explain the particular terms of those securities
and the extent to which these general provisions may apply. The specific terms of the units as described in a prospectus supplement, information
incorporated by reference, or free writing prospectus will supplement and, if applicable, may modify or replace the general terms described
in this section.

This summary and any description of units in the
supplement, information incorporated by reference or free writing prospectus is subject to and is qualified in its entirety by reference
to the unit agreement, collateral arrangements and depositary arrangements, if applicable. We will file each of these documents, as applicable,
with the SEC and incorporate them by reference as an exhibit to the registration statement of which this prospectus is a part on or before
we issue a series of units. See “Where You Can Find More Information About Us” and “Incorporation of Certain Information
by Reference” for information on how to obtain a copy of a document when it is filed.

The applicable prospectus supplement, information
incorporated by reference or free writing prospectus may describe:

| ● | the designation and terms of                                                                                                         
 the units and of the securities comprising the units, including whether and under what circumstances those securities may be held or 
 transferred separately;                                                                                                              |

| ● | any provisions for the issuance,                                                                  
 payment, settlement, transfer, or exchange of the units or of the securities composing the units; |

| ● | whether the units will be issued        
 in fully registered or global form; and |

| ● | any other terms of the units. |

The applicable provisions described in this section,
as well as those described under “Description of Share Capital,” “Description of American Depositary Shares,”
“Description of Preferred Shares,” “Description of Debt Securities” and “Description of Warrants”
above, will apply to each unit and to each security included in each unit, respectively.

<div align='center'>DESCRIPTION OF DEBT SECURITIES</div>

We may issue series of debt securities, which
may include debt securities exchangeable for or convertible into Class A ordinary shares