Company: XTKG
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001213900-25-051196
Chunk: 23

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-06-04
Form: 424B5
Chunk 23
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 Form 20-F, which is incorporated by reference in this prospectus supplement, and the section titled “Risk Factors” in this prospectus supplement. Risks Related to Our Business and Industry Risks and uncertainties related to our business and industry include, but are not limited to, the following:

| ● | Economic uncertainties or downturns could materially adversely affect our business. |

| ● | The growth and success of our business depends on our ability to develop new services and enhance existing services in order to keep pace with rapid changes in technology. |

| ● | If we do not succeed in attracting new customers for our services and growing revenues from existing customers, we may not achieve our revenue growth goals. |

| ● | We may be unable to effectively manage our expansion for the anticipated growth, which could place significant strain on our management personnel, systems and resources. We may not be able to achieve anticipated growth, which could materially and adversely affect our business and prospects. |

| ● | We face risks associated with having an extended selling and implementation cycle for our services that require us to make significant resource commitments prior to realizing revenues for those services. |

| ● | Adverse changes in the economic environment, either in China or globally, could reduce our customers’ purchases from us and increase pricing pressure, which could materially and adversely affect our revenues and results of operations. |

| ● | We generate a significant portion of our revenues from a relatively small number of major customers and loss of business from these customers could reduce our revenues and significantly harm our business. |

| ● | We may be forced to reduce the prices of our services due to increased competition and reduced bargaining power with our customers, which could lead to reduced revenues and profitability. |

| ● | A portion of our income is generated, and will in the future                                                                            
 continue to be generated, on a project basis with a fixed price; we may not be able to accurately estimate costs and determine resource 
 requirements in relation to our projects, which would reduce our margins and profitability.                                             |

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Risks Related to Our Corporate Structure Risks and uncertainties related to our corporate structure include, but are not limited to, the following:

| ● | We                                                                                                                                     
 are a Cayman Islands company and, because judicial precedent regarding the rights of shareholders is more limited under Cayman Islands 
 law than under U.S. law, shareholders may have less protection for their shareholder rights than they would under U.S. law.            |

| ● | Judgments obtained against us