Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 69

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 69
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izing transactions involve bids to purchase the underlying security in the open market for the purpose of pegging, fixing or
maintaining the price of the securities. Syndicate covering transactions involve purchases of the securities in the open market after
the distribution has been completed in order to cover syndicate short positions.

Penalty bids permit the underwriters
to reclaim a selling concession from a syndicate member when the securities originally sold by the syndicate member are purchased in a
syndicate covering transaction to cover syndicate short positions. Stabilizing transactions, syndicate covering transactions and penalty
bids may cause the price of the securities to be higher than it would be in the absence of the transactions. The underwriters may, if
they commence these transactions, discontinue them at any time.

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DESCRIPTION OF CAPITAL SHARE</div>

General

We are a Cayman Islands exempt
company and our affairs are governed by our Seventh Amended and Restated Memorandum and Articles of Association and Companies Law of the
Cayman Islands, which we refer to as the Companies Law below. As of the date hereof, our authorized share capital is US$240,000,000,000
divided into (i) 4,980,000,000 Class A ordinary shares of a par value of US$48 each; and (ii) 20,000,000 Class B ordinary shares of a
par value of US$48 each.

As of the date of this prospectus,
there are 13,721,064 Class A ordinary shares issued and outstanding and 12,195 Class B ordinary shares issued and outstanding. The following
are summaries of material provisions of our Seventh Amended and Restated Memorandum and Articles of Association and the Companies Law
insofar as they relate to the material terms of our ordinary shares.

Ordinary Shares

General. The
unissued shares of the Company shall be at the disposal of the Board, under its absolute discretion, at such times and for such consideration
and upon such terms and conditions and for any reason, without limitation, but so that no shares shall be issued at a discount to par
value. Except as otherwise expressly provided in the resolution or resolutions providing for the establishment of any class or series
of preferred shares, no vote of the holders shall be a prerequisite to the issuance of any shares of any class or series of the preferred
shares authorized by and complying with the conditions of the Seventh Amended and Restated Memorandum and Articles of