Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 159

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 6
Chunk 159
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 that our independent
directors will meet on a regular basis as often as necessary to fulfill their responsibilities, including at least annually in executive
session without the presence of non-independent directors and management.

Board Committees

Currently, three committees
have been established under the Board: the Audit Committee, the Compensation Committee and the Nominating Committee.

The Audit Committee is responsible
for overseeing the accounting and financial reporting processes of our Company and audits of the financial statements of our Company,
including the appointment, compensation and oversight of the work of our independent auditors. The Compensation Committee of the Board
reviews and makes recommendations to the Board regarding our compensation policies for our officers and all forms of compensation, and
also administers our incentive compensation plans and equity-based plans (but our Board retains the authority to interpret those plans).
The Nominating Committee of the Board is responsible for the assessment of the performance of the Board, considering and making recommendations
to the Board with respect to the nominations or elections of directors and other governance issues. The nominating committee considers
diversity of opinion and experience when nominating directors.

Audit Committee

The Audit Committee is responsible for, among other
matters:

  appointing, compensating, retaining, evaluating, terminating, and overseeing our independent registered public accounting firm;  
  discussing with our independent registered public accounting firm the independence of its members from its management;           

  reviewing with our independent registered public accounting firm the scope and results of their audit;                                                                                                
  approving all audit and permissible non-audit services to be performed by our independent registered public accounting firm;                                                                          
  overseeing the financial reporting process and discussing with management and our independent registered public accounting firm the interim and annual financial statements that we file with the...  

  reviewing and monitoring our accounting principles, accounting policies, financial and accounting controls, and compliance with legal and regulatory requirements;  

  coordinating the oversight by our Board of our code of business conduct and our disclosure controls and procedures;                                 
  establishing procedures for the confidential and anonymous submission of concerns regarding accounting, internal controls or auditing matters; and  
  reviewing and approving related-party transactions.                                                                                                 

Currently, our Audit Committee
consists of three members, Wei Jiang, Phillip Tao Qiu and Ruizhong Jiang, with Wei Jiang serving as the Chairman of the Audit Committee.
Our Board has affirmatively determined that each of the members of the Audit Committee satisfy the “independence” requirements
of Section 5605(a)(2) of the Nasdaq Listing Rules and Rule