Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 275

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 19
Chunk 275
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 Years Ended December 31,                                                                      
                                                 2024                                                  2023                      2022                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  REVENUES:                                                                                                                                            
  Application development services               $                                      5,348,816      $          9,780,115      $          3,847,199  
  Consulting and technical support services                                             3,563,248                 3,609,158                 2,538,500  
  Subscription services                                                                   606,313                   695,010                   758,526  
  Trading revenue                                                                       2,055,815                 2,549,808                 3,338,584  
  Others revenue                                                                           37,250                   190,732                         -  
  Total revenues                                 $                                     11,611,442      $         16,824,823      $         10,482,809  

Note 19 - Subsequent events

On January 22, 2025, the Group
partnered with two third-parties to form a new company Zhuhai Hongzhi Cultural Technology Co., Ltd. and the Group has35% equity interest
with a capital commitment of $23,975(RMB175,000).

On April 9, 2025, the Group
partnered with two third-parties to form a new company Zhanjiang Huarong Enterprise Management Service Co., Ltd. and the Group has36%
equity interest with a capital commitment of $246,599(RMB1.8million).

The Group evaluated all events
and transactions that occurred after December 31, 2024 up through the date the Group issued these consolidated financial statements,
for disclosure or recognition in the consolidated financial statements of the Group as appropriate.

F-44