Company: XCH
Filing Date: 2025-12-19
Form Type: F-3
Source: 0001193125-25-325891
Chunk: 3

Company: XCHG Ltd
Filing Date: 2025-12-19
Form: F-3
Chunk 3
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, we have not offered or sold any securities pursuant to General Instruction I.B.5 of Form F-3. Our issued and outstanding share capital consists of Class A Ordinary Shares and Class B Ordinary Shares, par value US$0.00001 per share (the “Class B Ordinary Shares”). Mr. Yifei Hou, our director and chief executive officer, and Mr. Rui Ding, our chairman and chief technology officer, beneficially own all of our issued Class B Ordinary Shares. Mr. Yifei Hou, as a result of his sole voting power and the shared voting power resulting from arrangement under acting- in-concert agreement entered into in August 2023, as of June 30, 2025 beneficially owned all of our issued Class B Ordinary Shares and was able to exercise 81.9% of the total voting power of our issued and outstanding share capital. Holders of Class A Ordinary Shares and Class B Ordinary Shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote and each Class B Ordinary Share is entitled to ten votes. Each Class B Ordinary Share is convertible into one Class A ordinary share at any time by the holder thereof, while Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer, assignment or disposition of any Class B Ordinary Share by a holder thereof to any non-affiliate to such holder, each of such Class B Ordinary Share will be automatically and immediately converted into one Class A ordinary share. See “Description of Share Capital.” As a result, Mr. Yifei Hou has the ability to control the outcome of matters submitted to the shareholders for approval. We are a “controlled company” within the meaning of the Nasdaq rules. XCHG Limited is a Cayman Islands company with no substantial operations on its own. XCHG Limited conducts all of its operations through its subsidiaries in Germany, China, and the United States. We face various legal and operational risks and uncertainties related to having a considerable portion of our operations in China. The PRC government has significant authority to exert influence on the ability of a China -based company to conduct its business, accept foreign investments or list on a U.S. or other foreign exchanges. For example, we face risks associated with regulatory approvals of offshore offerings, anti-monopoly regulatory actions, oversight on cybersecurity and data privacy. Such risks could result in a material impact on our operations and/or the value of the Securities or could significantly limit or completely hinder