Company: XHG
Filing Date: 2025-09-09
Form Type: F-3
Source: 0001213900-25-086186
Chunk: 70

Company: XChange TEC.INC
Filing Date: 2025-09-09
Form: F-3
Chunk 70
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 nothing you can do if your shares are not voted as you requested.

In order to give you a reasonable opportunity
to instruct the depositary as to the exercise of voting rights relating to deposited securities, if we request the Depositary to act,
we agree to give the depositary notice of any such meeting and details concerning the matters to be voted upon at least 45 days in advance
of the meeting date.

Fees and Expenses

An ADS holder will be required to pay the following
fees under the terms of the deposit agreement:

| Persons depositing or withdrawing shares or ADS holders must pay:                                                                                         |     | For:                                                                                                                                               |
| US$5.00 (or less) per 100 ADSs (or portion of 100 ADSs)                                                                                                   |     | Issuance of ADSs, including issuances resulting                                                                                                    
 from a distribution of shares or rights or other property                                                                                          
 Cancelation of ADSs for the purpose of withdrawal,                                                                                                 
 including if the deposit agreement terminates                                                                                                      |
| US$.05 (or less) per ADS                                                                                                                                  |     | Any cash distribution to ADS holders                                                                                                               |
| A fee equivalent to the fee that would be payable if securities distributed to you had been shares and the shares had been deposited for issuance of ADSs |     | Distribution of securities distributed to holders of deposited securities (including rights) that are distributed by the depositary to ADS holders |
| US$.05 (or less) per ADS per calendar year                                                                                                                |     | Depositary services                                                                                                                                |

| Persons depositing or withdrawing shares or ADS holders must pay:                                                                                                                    |     | For:                                                                                                                                             |
| Registration or transfer fees                                                                                                                                                        |     | Transfer and registration of shares on our share register to or from the name of the depositary or its agent when you deposit or withdraw shares |
| Expenses of the depositary                                                                                                                                                           |     | Cable (including SWIFT) and facsimile transmissions                                                                                              
 (when expressly provided in the deposit agreement)                                                                                               
 Converting foreign currency to U.S. dollars                                                                                                      |
| Taxes and other governmental charges the depositary or the custodian has to pay on any ADSs or shares underlying ADSs, such as stock transfer taxes, stamp duty or withholding taxes |     | As necessary                                                                                                                                     |
| Any charges incurred by the depositary or its agents for servicing the deposited securities                                                                                          |     | As necessary                                                                                                                                     |

The depositary collects its fees for delivery
and surrender of ADSs directly from investors depositing