Company: XHG
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0001213900-25-010265
Chunk: 3

Company: XChange TEC.INC
Filing Date: 2025-02-05
Form: 6-K
Chunk 3
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 necessary or expedient to give effect and implement, or otherwise required in
connection with, the adoption of the New M&A-1, including without limitation, attending to the necessary filings with the Registrar
of Companies in the Cayman Islands and with any other relevant authorities.

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3. THAT subject to and conditional
upon, amongst other things, (i) the Share Consolidation and the Authorised Share Capital Increase becoming effective; (ii) an order being
made by the Grand Court of the Cayman Islands (the “Court”) confirming the Capital Reduction (as defined below); (iii) registration
by the Registrar of Companies of Cayman Islands of a copy of the order of the Court confirming the Capital Reduction and the minute approved
by the Court containing the particulars required under the Companies Act (As Revised) of the Cayman Islands (the “Companies Act”)
in respect of the Capital Reduction and compliance with any conditions the Court may impose (if applicable); and (iv) obtaining of all
necessary approvals from the regulatory authorities or otherwise as may be required in respect of the Capital Reduction (if applicable),
with effect from the date on which these conditions are fulfilled:

(a) the par value of each
issued Consolidated Share of par value of US$0.01 each in the share capital of the Company be reduced to US$0.0000001 par value each (the
“Capital Reduction”) by cancelling the paid-up capital to the extent of US$0.0099999 on each of the then issued Consolidated
Shares;

(b) the credit arising from
the Capital Reduction be authorised to be applied towards offsetting the accumulated losses of the Company (if any) as at the effective
date of the Capital Reduction (the “Accumulated Losses”) and the balance of any such credit (if any) remaining after offsetting
the Accumulated Losses be transferred to a distributable reserve account of the Company which may be utilised by the Company as the Directors
may deem fit and in any manner as permitted by all applicable laws and the memorandum and articles of association of the Company, including,
without limitation, eliminating or setting off the accumulated losses of the Company which may arise from time to time and/or paying dividends
and/or making any other distribution out of such account from time to time;

(c) each of the authorised
but unissued Consolidated Shares of a par value of US$0.01 each be sub-divided into 100,