Company: XTKG
Filing Date: 2025-02-18
Form Type: F-3/A
Source: 0001213900-25-014646
Chunk: 19

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-02-18
Form: F-3/A
Chunk 19
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able. |

| ● | We                                                                                                                         
 may lose our foreign private issuer status in the future, which could result in significant additional costs and expenses. |

| ● | Our                                                                                       
 disclosure controls and procedures may not prevent or detect all errors or acts of fraud. |

| ● | If                                                                                                                                   
 we fail to establish and maintain proper internal financial reporting controls, our ability to produce accurate financial statements 
 or comply with applicable regulations could be impaired.                                                                             |

Risks Related to Our Ordinary Shares Risks and uncertainties related to our Shares include, but are not limited to, the following:

| ● | Our                                                                                                                                     
 Shares may be delisted from the Nasdaq Capital Market as a result of our failure of meeting the Nasdaq Capital Market continued listing 
 requirements.                                                                                                                           |

| ● | Our                                                                                                                                      
 issuance of new shares and convertible note had a dilutive effect on our existing shareholders and may adversely impact the market price 
 of our Ordinary Shares.                                                                                                                  |

Risks Related to Doing Business in China Risks and uncertainties related to conducting business in China include, but are not limited to, the following:

| ● | 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, which would materially affect the interest of the investors.                        |

| ● | We                                                                                         
 may be influenced by changes in the political and economic policies of the PRC government. |

| ● | Uncertainties                                                                                                                     
 with respect to the interpretation and enforcement of PRC laws, rules and regulations could have a material adverse effect on us. |

| ● | Recent                                                                                                                                     
 regulatory initiatives implemented by the PRC competent government authorities on cyberspace data security may have introduced uncertainty 
 in our business operations and compliance status, which could result in materially adverse impact on our business, results of operations   
 and our listing on Nasdaq.                                                                                                                 |

| ● | We                                                                                                                                         
 may be adversely affected by the complexity and uncertainties of and changes in PRC regulation of Internet business and related companies. |

| ● | U.S.                                                                                
 regulators’ ability to conduct investigations or enforce rules in China is limited. |

| ● | We                                                                                                                                         
 face uncertainty regarding the PRC tax