Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 1

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 3
Chunk 1
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  If                                                                                                                                    

Risks Related to Our Ordinary Shares

Risks and uncertainties related to our Shares include,
but are not limited to, the following:

  Our                                                                                                                                      
  Shares may be delisted from the Nasdaq Capital Market as a result of our failure of meeting the Nasdaq Capital Market continued listing  
  requirements.                                                                                                                            
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  Our                                                                                                                                       
  issuance of new shares and convertible note had a dilutive effect on our existing shareholders and may adversely impact the market price  
  of our Ordinary Shares.                                                                                                                   
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Risks Related to Doing Business in China

Risks and uncertainties related to conducting business
in China include, but are not limited to, the following:

  The                                                                                                                                             
  PRC government may intervene or influence our operations at any time, or may exert more control over offerings conducted overseas and/or        
  foreign investment in China-based issuers, which could result in a material change in our operations and/or the value of our securities.        
  Actions by the PRC government to exert more control over offerings conducted overseas by, and foreign investment in, China-based issuers        
  could result in a material change in our operations, and significantly limit or completely hinder our ability to offer or continue to           
  offer securities to investors and cause the value of such securities to significantly decline or be worthless. In such events, our securities   
  could decline in value or become worthless. See “ Risk Factors — Risks Relating to Doing Business in China — The                                
  Chinese government may exert substantial influence over the manner in which we must conduct our business activities. We are currently           
  not required to obtain approval from Chinese authorities to issue securities to foreign investors, however, if our subsidiaries or the          
  holding company were required to obtain approval in the future and were denied permission from Chinese authorities to list on U. S. exchanges,  
  we will not be able to continue listing on U. S. exchange, which would materially affect the interest of the investors.”                        
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  We                                                                                          
  may be influenced by changes in the political and economic policies of the PRC government.  
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