Company: XCH
Filing Date: 2025-12-19
Form Type: F-3
Source: 0001193125-25-325891
Chunk: 27

Company: XCHG Ltd
Filing Date: 2025-12-19
Form: F-3
Chunk 27
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 to be offered for the account of the investors, pro rata based on the number of securities owned by each such investor; and third, any other securities requested to be included in such offering.

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DESCRIPTION OF AMERICAN DEPOSITARY SHARES</div>

American Depositary Shares

The Bank of New York Mellon, as depositary, registers and delivers ADSs. Each ADS represents 40 Class A Ordinary Shares (or a right to receive 40 Class A Ordinary Shares) (the “deposited shares”) deposited with The Hongkong and Shanghai Banking corporation, as custodian for the depositary in Hong Kong. Each ADS also represents any other securities, cash or other property that may be held by the depositary (together with the deposited shares, the “deposited securities”). The depositary’s office at which the ADSs are administered and its principal executive office is located at 240 Greenwich Street, New York, New York 10286.

ADSs may be held (A) directly (i) by having an American Depositary Receipt, also referred to as an ADR, which is a certificate evidencing a specific number of the ADSs, registered in the holder’s name, or (ii) by having uncertificated ADSs registered in the holder’s name, or (B) indirectly by holding a security entitlement in the ADSs through a broker or other financial institution that is a direct or indirect participant in The Depository Trust Company (“DTC”). If the ADSs are held directly, the holder is a registered ADS holder (an “ADS holder”). Indirect holders must rely on the procedures of their broker or other financial institution to assert the rights described in this section. Indirect holders should consult with their broker or financial institution to find out what those procedures are.

Registered holders of uncertificated ADSs will receive statements from the depositary confirming their holdings.

ADS holders are not treated as one of our shareholders and will not have shareholder rights. Cayman Islands law governs our shareholder rights. The depositary is the holder of the Class A Ordinary Shares underlying ADSs. Registered holders of the ADSs have ADS holder rights. A deposit agreement among us, the depositary, ADS holders and all other persons indirectly or beneficially holding the ADSs sets out ADS holder rights as well as the rights and obligations of the depositary. New York law governs the deposit agreement and the ADSs.

The following is a summary of the material provisions of the deposit agreement. For more