Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 66

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 3
Chunk 66
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 S. courts obtained against us or our directors or officers that are
predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States, or (ii)
entertain original actions brought in the Cayman Islands against us or our directors or officers that are predicated upon the securities
laws of the United States or any state in the United States. Although there is no statutory enforcement in the Cayman Islands of judgments
obtained in the federal or state courts of the United States, the courts of the Cayman Islands would recognize as a valid judgment, a
final and conclusive judgment in personam obtained in the foreign courts against our company under which a sum of money is payable (other
than a sum of money payable in respect of multiple damages, taxes or other charges of a like nature or in respect of a fine or other
penalty) or, in certain circumstances, an in personam judgment for non-monetary relief, and would give a judgment based thereon provided
that (a) such courts had proper jurisdiction over the parties subject to such judgment, (b) such courts did not contravene the rules
of natural justice of the Cayman Islands, (c) such judgment was not obtained by fraud, (d) the enforcement of the judgment would not
be contrary to the public policy of the Cayman Islands, (e) no new admissible evidence relevant to the action is submitted prior to the
rendering of the judgment by the courts of the Cayman Islands, and (f) there is due compliance with the correct procedures under the
laws of the Cayman Islands. However, the Cayman Islands courts are unlikely to enforce a judgment obtained from United States courts
under civil liability provisions of the U. S. federal securities law if such judgment is determined by the courts of the Cayman Islands
to give rise to obligations to make payments that are penal or punitive in nature. Because such a determination has not yet been made
by a court of the Cayman Islands, it is uncertain whether such civil liability judgments from U. S. courts would be enforceable in the
Cayman Islands. A Cayman Islands court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere. The recognition
and enforcement of foreign judgments are provided for under the PRC Civil Procedures Law. PRC courts may recognize and enforce foreign
judgments in accordance with the requirements of the PRC Civil Procedures Law based either on treaties between China and the country
where