Company: XTKG
Filing Date: 2025-02-18
Form Type: F-3/A
Source: 0001213900-25-014646
Chunk: 27

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-02-18
Form: F-3/A
Chunk 27
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 in our register of members.

Conversion. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

Dividends.
The holders of our Ordinary Shares are entitled to such dividends as may be declared by our Board. Our Seventh Amended and Restated Memorandum
and Articles of Association provide that our Board may declare and pay dividends out of the profits of the Company, realized or unrealized,
or from any reserve set aside from profits which the directors determine is no longer needed, or out of share premium account or any
other fund or account which can be authorized for this purpose in accordance with the Law.

Voting Rights.In
respect of all matters subject to a shareholder’s vote, at any general meeting on a show of hands every Shareholder present in
person (or being a corporation, is presented by a duly authorized representative), or by proxy shall have one vote and on a poll every
Shareholder present in person or by proxy or, in the case of a Shareholder being a corporation, by its duly authorized representative
shall have one (1) vote for each Class A ordinary share and thirty (30) votes for each Class B ordinary share of which he is the holder
but so that no amount paid up or credited as paid up on a share in advance of calls or instalments is treated for the foregoing purposes
as paid up on the share. A quorum required for a meeting of shareholders consists of one shareholder who holds at least one-third of
our issued voting shares. Shareholders’ meetings may be held annually. Each general meeting, other than an annual general meeting,
shall be an extraordinary general meeting. Extraordinary general meetings may be called by a majority of our Board or upon a requisition
of shareholders holding at the date of deposit of the requisition not less one-tenth of such of the paid-up share capital of our Company
that carries the right to vote at a general meeting, forthwith proceed to convene an extraordinary general meeting. An ordinary resolution
to be passed at a meeting by the shareholders requires the affirmative vote of a simple majority of the votes attaching to the Ordinary
Shares cast at a meeting, while a special resolution requires the affirmative vote of no less than two-thirds of the votes attaching
to the Ordinary Shares cast at a meeting. A special resolution will be required for important matters such as making changes to our Seventh
Amended and Restated