Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 137

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 6
Chunk 137
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 the board the current composition of the board with regards to characteristics such as independence, knowledge, skills, experience and diversity;  

  making recommendations on the frequency and structure of board meetings and monitoring the functioning of the committees of the board; and  

  advising the board periodically with regards to significant developments in the law and practice of corporate governance as well as our compliance with applicable laws and regulations, and maki...  

Duties of Directors

Under Cayman Islands law, our directors owe fiduciary
duties to our company, including a duty of loyalty, a duty to act honestly and a duty to act in what they consider in good faith to be
in our best interests. Our directors must also exercise their powers only for a proper purpose. A director must exercise the skill and
care of a reasonably diligent person having both - (a) the general knowledge, skill and experience that may reasonably be expected
of a person in the same position (an objective test), and (b) if greater, the general knowledge, skill and experience that that director
actually possesses (a subjective test). In fulfilling their duty of care to us, our directors must ensure compliance with our current
memorandum and articles of association, as amended and restated from time to time, and the class rights vested thereunder in the holders
of the shares. Our company has the right to seek damages if a duty owed by our directors is breached. A shareholder may in certain limited
exceptional circumstances have the right to seek damages in our name if a duty owed by the directors is breached.

Our board of directors has all the powers necessary
for managing, and for directing and supervising, our business affairs. The functions and powers of our board of directors include, among
others:

  convening shareholders’ annual and extraordinary general meetings;  

  declaring dividends and distributions;  

  appointing officers and determining the term of office of the officers;  

  exercising the borrowing powers of our company and mortgaging the property of our company; and  

  approving the transfer of shares in our company, including the registration of such shares in our register of members.  

Terms of Directors and Officers

The number of directors shall not be less than
three (3). No person may be nominated for, or appointed as, a director, nor removed from any such appointment as a director, unless such
nomination, appointment or removal has been approved by our nominating and corporate governance committee prior to such nomination, appointment
or removal.

Generally