Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 70

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 3
Chunk 70
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as defined in the JOBS Act, and we may take advantage of certain exemptions from various requirements applicable to other public companies
that are not emerging growth companies including, most significantly, not being required to comply with the auditor attestation requirements
of Section 404 of Sarbanes-Oxley Act of 2002 for so long as we are an emerging growth company. As a result, if we elect not to comply
with such auditor attestation requirements, our investors may not have access to certain information they may deem important.

The JOBS Act also provides that an emerging growth
company does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise
required to comply with such new or revised accounting standards. In other words, an “emerging growth company” can delay
the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take
advantage of the extended transition period. As a result of this election, our future financial statements may not be comparable to other
public companies that comply with the public company effective dates for these new or revised accounting standards.

We are a foreign private issuer within the meaning of the rules
under the Exchange Act, and as such we are exempt from certain provisions applicable to U. S. domestic public companies.

Because we qualify as a foreign private issuer
under the Exchange Act, we are exempt from certain provisions of the securities rules and regulations in the United States that are applicable
to U. S. domestic issuers, including:

  the rules under the Exchange Act requiring the filing                           
  with the SEC of quarterly reports on Form 10-Q or current reports on Form 8-K;  
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  the sections of the Exchange Act regulating the solicitation                                         

  the sections of the Exchange Act requiring insiders                                                                               

  the selective disclosure                                                 

We are required to file an annual report on Form
20-F within four months of the end of each financial year. In addition, we intend to publish our results on a quarterly basis as press
releases, distributed pursuant to the rules and regulations of the NASDAQ Capital Market. Press releases relating to financial results
and material events will also be furnished to the SEC on Form 6-K. However, the information we are required to file with or furnish to
the SEC will be less extensive and less timely compared to that required to be filed with the SEC by U. S. domestic issu