Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 136

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 6
Chunk 136
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A
3 under the Securities Exchange Act of 1934, as amended. We have determined that Nini Qiao qualifies as an “audit committee financial
expert.” The audit committee oversees our accounting and financial reporting processes and the audits of the financial statements
of our company. The audit committee is responsible for, among other things:

  appointing the independent auditors and pre-approving all auditing and non-auditing services permitted to be performed by the independent auditors;  

  reviewing with the independent auditors any audit problems or difficulties and management’s response;  

  discussing the annual audited financial statements with management and the independent auditors;  

  reviewing the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures;  

  reviewing and approving all proposed related party transactions;  

  meeting separately and periodically with management and the independent auditors; and  

  monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance.  

Compensation Committee. Our compensation
committee consists of Mr. Zhichen Sun and Ms. Jiaxing Chang. Mr. Zhichen Sun is the chairman of our compensation committee. The compensation
committee assists the board in reviewing and approving the compensation structure, including all forms of compensation, relating to our
directors and executive officers. The compensation committee is responsible for, among other things:

  reviewing and approving, or recommending to the board for its approval, the compensation for our chief executive officer and other executive officers;  

  reviewing and recommending to the board for determination with respect to the compensation of our non-employee directors;  

  reviewing periodically and approving any incentive compensation or equity plans, programs or similar arrangements; and  

  selecting compensation consultant, legal counsel or other advisers only after taking into consideration all factors relevant to that person’s independence from management.  

Nominating and Corporate Governance Committee.
Our nominating and corporate governance committee consists of Mr. Zhichen Sun and Ms. Nini Qiao. Mr. Zhichen Sun is the chairman of our
nominating and corporate governance committee. The nominating and corporate governance committee assists the board of directors in selecting
individuals qualified to become our directors and in determining the composition of the board and its committees. The nominating and corporate
governance committee is responsible for, among other things:

  selecting and recommending nominees for election by the shareholders or appointment by the board;  

  reviewing annually with