Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 88

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 4
Chunk 88
---
00 billion of non-convertible debt in any three-year period, we will cease to be an emerging growth company
before the end of such five-year period.

In addition, Section 107 of
the JOBS Act provides that an “emerging growth company” can take advantage of the extended transition period provided in Section
7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. We have elected to take advantage of the extended
transition period for complying with new or revised accounting standards and acknowledge such election is irrevocable pursuant to Section
107 of the JOBS Act.

Foreign Private Issuer Status

We are incorporated in the
Cayman Islands. Less than 50% of our outstanding voting securities are held by U. S. residents and none of the following three circumstances
applies: the majority of our executive officers or directors are U. S. citizens or residents; more than 50% of our assets are located in
the United States; or our business is administered principally in the United States. Therefore, we are a “foreign private issuer”,
as defined in Rule 405 under the Securities Act and Rule 3b-4(c) under the Securities Exchange Act of 1934, as amended (“ Exchange
Act”). As a result, we are not subject to the same requirements as U. S. domestic issuers. Under the Exchange Act, we will be subject
to reporting obligations that, to some extent, are more lenient and less frequent than those of U. S. domestic reporting companies. For
example, we will not be required to issue quarterly reports or proxy statements. We will not be required to disclose detailed individual
executive compensation information. Furthermore, our directors and executive officers will not be required to report equity holdings under
Section 16 of the Exchange Act and will not be subject to the insider short-swing profit disclosure and recovery regime.

B. Business Overview

Overview

X3 Holdings headquartered
in Singapore, is a global provider of digital solutions and technology services spanning diverse industries. We harness cutting edge technologies
to forge agile, innovative business models across targeted global markets by integrating pivotal resources in technology applications,
financial prowess, and streamlined operations. We target accelerated and transformative growth across digital technologies, cryptomining
operations, renewable energy, and agriculture technologies, focusing on key markets in Asia, the Middle East, Africa, and Europe. Our
vision is to be a differentiated and valuable company excelling in high growth industries with