Company: XHG
Filing Date: 2025-10-29
Form Type: F-3/A
Source: 0001213900-25-103499
Chunk: 80

Company: XChange TEC.INC
Filing Date: 2025-10-29
Form: F-3/A
Chunk 80
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 |     | Distribution of securities distributed to holders of deposited securities (including rights) that are distributed by the depositary to ADS holders |
| US$.05 (or less) per ADS per calendar year                                                                                                                |     | Depositary services                                                                                                                                |

| Persons depositing or withdrawing shares or ADS holders must pay:                                                                                                                    |     | For:                                                                                                                                             |
| Registration or transfer fees                                                                                                                                                        |     | Transfer and registration of shares on our share register to or from the name of the depositary or its agent when you deposit or withdraw shares |
| Expenses of the depositary                                                                                                                                                           |     | Cable (including SWIFT) and facsimile transmissions                                                                                              
 (when expressly provided in the deposit agreement)                                                                                               
 Converting foreign currency to U.S. dollars                                                                                                      |
| Taxes and other governmental charges the depositary or the custodian has to pay on any ADSs or shares underlying ADSs, such as stock transfer taxes, stamp duty or withholding taxes |     | As necessary                                                                                                                                     |
| Any charges incurred by the depositary or its agents for servicing the deposited securities                                                                                          |     | As necessary                                                                                                                                     |

The depositary collects its fees for delivery
and surrender of ADSs directly from investors depositing shares or surrendering ADSs for the purpose of withdrawal or from intermediaries
acting for them. The depositary collects fees for making distributions to investors by deducting those fees from the amounts distributed
or by selling a portion of distributable property to pay the fees. The depositary may collect its annual fee for depositary services by
deduction from cash distributions or by directly billing investors or by charging the book-entry system accounts of participants acting
for them. The depositary may collect any of its fees by deduction from any cash distribution payable (or by selling a portion of securities
or other property distributable) to ADS holders that are obligated to pay those fees. The depositary may generally refuse to provide fee-attracting
services until its fees for those services are paid.

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From time to time, the depositary may make payments
to us to reimburse us for costs and expenses generally arising out of establishment and maintenance of the ADS program, waive fees and
expenses for services provided to us by the depositary or share revenue from the fees collected from ADS holders. In performing its duties
under the deposit agreement, the depositary may use brokers, dealers, foreign currency dealers or other service providers that are owned
by or affiliated with the depositary and