Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 221

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 19
Chunk 221
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, 2022, 2023 and 2024, the Group
recorded compensation expenses of RMB9,771and RMB4,782and RMB2,507in connection with the above stock options. As of September
30, 2024, the Group had nounrecognized compensation expenses for stock options.

For the years ended September 30, 2022, 2023 and 2024, the total share-based
compensation expenses were comprised of the following:

                                           For the years ended September 30,                                                       
                                                                        2022                 2023                 2024             
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Selling and marketing expenses                                                     12                —                    —      
  General and administrative expenses                                             9,737                4,782                2,507  
  Research and development expenses                                                  22                —                    —      
                                                                                  9,771                4,782                2,507  

F-27

  13.      EARNINGS (LOSS) PER SHARE  

The following table sets forth the computation of basic and diluted
earnings (loss) per share for the years indicated:

                                                                                                                                    For the years ended September 30,                                                                                                                    
                                                                                                                                    2022                                                          2023                             2024                                                  
                                                                                                                                    RMB                                                           RMB                              RMB                                                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Numerator:                                                                                                                                                                                                                                                                             
  Net income (loss) attributable to XChange TEC. INC’s ordinary shareholders                                                                                                         820,023                         ( 71,313                         ( 226,821                ( 32,322  
  Net loss from continuing operations attributable to XChange TEC. INC’s ordinary shareholders                                                                                     ( 495,083                         ( 25,102                         ( 613,166                ( 87,376  
  Net income (loss) from discontinued operations                                                                                                                                   1,315,106                         ( 46,211                           386,345                  55,054  
  Denominator:                                                                                                                                                                                                                                                                           
  Weighted average number of ordinary shares used in computing net loss per share— Basic and diluted                                                                       1,025,842,445,700                2,805,073,364,600                21,007,405,473