Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 260

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 19
Chunk 260
---
 one
(1) vote (the “ Dual-class Share Structure”); (iv) a re-designation of2,000,000shares of the500,000,000authorized shares
as Class B ordinary shares and498,000,000shares of the500,000,000authorized shares as Class A ordinary shares; (v) a re-designation
of the243,903shares (after giving effect to the Share Consolidation) held by Mr. Stewart Lor, CEO and Chairman of the Board of the Company,
as Class B ordinary shares (together with item (iv), the “ Share Re-designation”). On October 2, 2023, the Company paid cash
to certain minor shareholders and cancelled32(post-reverse stock split adjusted to5) Class A ordinary shares due to share consolidation
reconciliation.

On December 1, 2023, the Company
held an extraordinary general meeting. At the Meeting, the Company’s shareholders approved the following among other items: (a)
the name of the Company be changed from Powerbridge Technologies Co., Ltd. to X3 Holdings Co., Ltd., and ticker symbol of the Company
be changed from “ PBTS” to “ XTKG” (the “ Name Change”). (b) the authorized share capital of the Company
be increased from $200,000,000divided into500,000,000shares of a nominal or par value of $0.40each to $2,000,000,000divided into5,000,000,000ordinary shares of a nominal or par value of $0.40each by creation of an additional4,500,000,000ordinary shares of a
nominal or par value of US$0.40each (the “ Share Capital Increase”). (c)18,000,000ordinary shares of the additional4,500,000,000authorized ordinary shares be re-designated as Class B ordinary shares and4,482,000,000ordinary shares of the additional4,500,000,000authorized ordinary shares as Class A ordinary shares (together, the “ Share Re-designation”), such the authorized share capital
of the Company shall be changed to “$2,000,000,000divided into (i)4,980,000,000Class A ordinary shares of a par value of US$0.40each, and (ii)20,000,000Class B ordinary shares of a par value of $0.40each.”

F-