Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 167

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 8
Chunk 167
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Item 8. FINANCIAL INFORMATION

A. Consolidated Statements and Other Financial
Information

See Item 18 “ Financial
Statements” for our audited consolidated financial statements filed as part of this Annual Report.

Legal Proceedings

From time to time, we are
subject to legal proceedings, investigations and claims incidental to the conduct of our business. We are not currently a party to any
legal proceedings or investigations which, in the opinion of our management, is likely to have a material adverse effect on our business,
financial condition or results of operations. Regardless of outcome, litigation can have an adverse impact on us because of defense and
settlement costs, diversion of management resources, and other factors.

Dividend Policy

The holders of our Ordinary
Shares are entitled to dividends out of funds legally available when and as declared by our Board, subject to certain requirements as
stipulated under Cayman Islands law. Should we decide in the future to pay dividends, as a holding company, our ability to do so and meet
other obligations depends upon the receipt of dividends or other payments from our operating subsidiaries and other holdings and investments.
In addition, our operating subsidiaries may, from time to time, be subject to restrictions on their ability to make distributions to us,
including as a result of restrictive covenants in loan agreements, restrictions on the conversion of local currency into U. S. dollars
or other hard currency and other regulatory restrictions. In the event of our liquidation, dissolution or winding up, holders of our Ordinary
Shares are entitled to receive, ratably, the net assets available to shareholders after payment of all creditors.

We do not
have any present plan to pay any cash dividends on our Ordinary Shares in the foreseeable future. We currently intend to retain most,
if not all, of our available funds and any future earnings to operate and expand our business.

B. Significant Changes

Except as disclosed elsewhere
in this Annual Report, we have not experienced any significant changes since the date of our audited consolidated financial statements
included in this Annual Report.

Item 9. THE OFFER AND LISTING