Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 76

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 76
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 each shareholder who would have been entitled to vote on such
matter at a general meeting without a meeting being held. Our Seventh Amended and Restated Memorandum and Articles of Association provides
that anything which may be done by resolution of the Company in general meeting or by resolution of a meeting of any class of the shareholders
may be done without a meeting by written resolution in accordance with such Seventh Amended and Restated Memorandum and Articles of Association.
A written resolution is passed when it is signed by (or in the case of a shareholder that is a corporation, on behalf of) all the shareholders,
or all the shareholders of the relevant class thereof, entitled to vote thereon, or in the case of an ordinary resolution, the requisite
majority, and may be signed in as many counterparts as may be necessary.

Shareholder Proposals. Under the Delaware General Corporation Law, a shareholder has the right to put any proposal before the
annual meeting of shareholders, provided it complies with the notice provisions in the governing documents. A special meeting may be
called by the board of directors or any other person authorized to do so in the governing documents, but shareholders may be
precluded from calling special meetings. The Companies Act provides shareholders with only limited rights to requisition a general
meeting and does not provide shareholders with any right to put any proposal before a general meeting. However, these rights may be
provided in articles of association. Our Seventh Amended and Restated Memorandum and Articles of Association allow our shareholders
holding not less than 10% of the share capital in issue to requisition a shareholder’s meeting. Other than this right to
requisition a shareholders’ meeting, a shareholder may give notice to the Company of business proposed to be brought before an
annual general meeting. As an exempted Cayman Islands company, we are not obliged by law to call shareholders’ annual general
meetings.

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Cumulative Voting. Under
the Delaware General Corporation Law, cumulative voting for elections of directors is not permitted unless the corporation’s certificate
of incorporation specifically provides for it. Cumulative voting potentially facilitates the representation of minority shareholders on
a board of directors since it permits the minority shareholder to cast all the votes to which the shareholder is entitled on a single
director, which increases the shareholder’s voting power with respect to electing such director. There are no prohibitions in relation
to cumulative voting under the Companies Act but our Seventh Amended and Restated Memorandum and Articles