Company: XTKG
Filing Date: 2025-02-18
Form Type: F-3/A
Source: 0001213900-25-014646
Chunk: 20

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-02-18
Form: F-3/A
Chunk 20
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 reporting obligations and consequences for certain indirect transfers of the stock of our operating 
 company.                                                                                                                                   |

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Recent Development

On February 10, 2025,
we held an Extraordinary General Meeting of shareholders (the “EGM”) which approved the proposals to (i) effectuate a share
consolidation, with every six (6) issued and unissued ordinary shares of the Company of par value of US$8 each be consolidated into one
(1) share of par value of US$8 each (the “Share Consolidation”); (ii) increase the share capital to US$240,000,000,000 which
divided into 5,000,000,000 shares of par value of US$48 each, consisting of 4,996,666,667 Class A ordinary shares of a par value of US$48
each and 3,333,333 Class B ordinary shares of a par value of US$48 immediately following the Share Consolidation (the “Share Capital
Increase”); (iii) re-designate 16,666,667 Class A ordinary shares of the additional 4,166,666,667 authorized Class A ordinary shares
as Class B ordinary shares, such that the authorized share capital of the Company shall be changed to US$240,000,000,000 which divided
into (a) 4,980,000,000 Class A ordinary shares of a par value of US$48 each; and (b) 20,000,000 Class B ordinary shares of a par value
of US$48 each (the “Share Re-designation”).

The EGM also approved
that immediately following the Share Consolidation, the Share Capital Increase and Share Re-designation, the par value of each of the
issued and unissued ordinary shares be reduced from US$48 to US$0.00003 per share by cancelling the paid-up share capital to the extent
of US$47.99997 per share by way of a reduction of capital (the “Capital Reduction”). The effectuation of Capital Reduction
is subject to and conditional upon (i) an order being made by the Grand Court of the Cayman Islands (“Court”) confirming
the Capital Reduction (if applicable); (ii) compliance with any condition which the Court may impose in relation to the Capital Reduction
(if applicable); (iii) registration by the Registrar of Companies of the Cayman Islands of a copy of the order of