Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 15

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 15
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, 2025, and that this matter is now closed.

<div align='center'>S-5</div>

Recent Regulatory Developments and Permissions Required from PRC Authorities

Our subsidiaries are subject
to certain legal and operational risks associated with being based in China and the complex and evolving PRC laws and regulations. PRC
laws and regulations governing the subsidiaries’ current business operations are sometimes vague and uncertain, and as a result
these risks may result in material change in the operations of our subsidiaries, significant depreciation of the value of our Class A
Ordinary Shares, a complete hindrance of our ability to offer or continue to offer our securities to investors, or cause the value of
such securities to significantly decline or be worthless. Recently, the PRC government adopted a series of regulatory actions and issued
statements to regulate business operations in China, including those related to data security and anti-monopoly concerns. However, since
these statements and regulatory actions are newly published, official guidance and related implementation rules have not been issued.
It is highly uncertain what future impact such modified or new laws and regulations will have on our daily business operations, the ability
to accept foreign investments and our continued listing on Nasdaq. For a detailed description of risks related to doing business in China,
see “Item 3. Key Information — D. Risk Factors — Risks Related to Doing Business in China” included in our most
recent annual report on Form 20-F.

PRC government’s significant
authority in regulating our operations and its oversight and control over offerings conducted overseas by, and foreign investment in,
China-based issuers could significantly limit or completely hinder our ability to offer or continue to offer securities to investors.
Implementation of industry-wide regulations in this nature may cause the value of such securities to significantly decline or be of little
or no value. For more details, see “Item 3. Key Information — D. Risk Factors — Risks Related 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”
on page 30 to 33 of our most recent annual report on Form 20