Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 49

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 49
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 securities.

Our Company is not an operating
company but a Cayman Islands holding company. Our operations are primarily conducted through our subsidiaries in Singapore and the PRC.
Investors investing in our ordinary shares thus are purchasing equity interest in a Cayman Islands holding company and not in an operating
entity.

We face various risks and
uncertainties relating to doing business in China. A substantial part of our business operations is conducted in China, and we are subject
to complex and evolving PRC laws and regulations. For example, we face risks associated with regulatory requirements on overseas offerings,
anti-monopoly regulatory actions, and oversight on cybersecurity and data privacy, which may impact our ability to conduct certain businesses,
accept foreign investments, or list and conduct offerings on a stock exchange in the United States or other foreign jurisdiction, and
we are required to make filings with the CSRC for applicable securities offerings, including an offering made pursuant to this prospectus.
We are required to file with the CSRC within three working days after the subsequent securities offering made pursuant to this prospectus
is completed and we might face warnings or fines if we fail to fulfill related filing procedure. Although there are still uncertainties
regarding the interpretation and implementation of relevant regulatory guidance, our operations could be adversely affected, directly
or indirectly, by existing or future laws and regulations relating to its business or industry. These risks could materially and adversely
impact our operations and the value of our ordinary shares, significantly limit or completely hinder our ability to continue to offer
securities to investors, or cause the value of such securities to significantly decline or become worthless.

The PRC government’s
significant authority in regulating our operations and its oversight and control over offerings conducted overseas by, and foreign investment
in, China-based issuers could significantly limit or completely hinder our ability to offer or continue to offer securities to investors.
Implementation of industry-wide regulations in this nature, such as data security or anti-monopoly related regulations, may cause the
value of such securities to significantly decline. For more details, see “Risk Factors — Risks Related to Doing
Business in China — The Chinese government may exert substantial influence over the manner in which we must conduct
our business activities. We are currently not required to obtain approval from Chinese authorities to issue securities to foreign investors,
however, if our subsidiaries or the holding company were required to obtain approval in the future and were denied permission from Chinese
authorities to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange