Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 78

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 78
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ide in the best interests of the
company, a duty not to make a profit based on his or her position as director (unless the company permits him or her to do so) and a duty
not to put himself or herself in a position where the interests of the company conflict with his or her personal interest or his or her
duty to a third party. A director of a Cayman Islands company owes to the company a duty to act with skill and care. It was previously
considered that a director need not exhibit in the performance of his or her duties a greater degree of skill than may reasonably be expected
from a person of his or her knowledge and experience. However, courts are moving towards an objective standard with regard to the required
skill and care and these authorities are likely to be followed in the Cayman Islands.

Shareholder Action by Written Consent. Under the Delaware General Corporation Law, a corporation may eliminate the right of shareholders to act
by written consent by amendment to its certificate of incorporation. Cayman Islands law provides that shareholders may approve corporate
matters by way of a unanimous written resolution signed by or on behalf of 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,