Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 37

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 37
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and Restated Memorandum and Articles of Association provide that the directors may, before recommending or declaring any dividends, set
aside out of the funds legally available for distribution such sums as they think proper as a reserve or reserves which shall, in the
absolute discretion of the directors, be applicable for meeting contingencies or for equalizing dividends or for any other purpose to
which those funds may be properly applied. Under the laws of the Cayman Islands, our company may pay a dividend out of either profit
or share premium account, provided that in no circumstances may a dividend be paid if this would result in our company being unable to
pay its debts as they fall due in the ordinary course of business.

Voting Rights.Each
ordinary share shall be entitled to vote on all matters subject to a vote at general meetings of our company. Voting at any shareholders’
meeting is by show of hands unless a poll is demanded (before or on the declaration of the result of the show of hands). Where a poll
is requested, each Class A ordinary share shall entitle the holder thereof to one (1) vote on all matters subject to vote at general meetings
of the company, and each Class B ordinary share shall entitle the holder thereof to thirty (30) votes on all matters subject to vote at
general meetings of the Company. A poll may be demanded by the chairman of such meeting by any three shareholders which are present in
person or by proxy at the meeting or any one or more shareholders who together hold not less than one tenth of the paid up voting share
capital of the Company which are present in person or by proxy at the meeting.

An ordinary resolution to
be passed at a meeting by the shareholders requires the affirmative vote of a simple majority of the votes attaching to the ordinary shares
cast at a meeting or by a majority of shareholders in writing, while a special resolution requires the affirmative vote of no less than
two-thirds of the votes cast attaching to the outstanding ordinary shares at a meeting and includes a unanimous written resolution. A
special resolution will be required for important matters such as a change of name or making changes to our Eighth Amended and Restated
Memorandum and Articles of Association. Holders of the ordinary shares may, among other things, divide or combine their shares by ordinary
resolution.

General Meetings of Shareholders.As a Cayman Islands exempted company, we are not obliged by the Companies Act to call shareholders’ annual
general meetings. Our Eighth Amended and Restated Memor