Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 138

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 6
Chunk 138
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, (i) any person appointed as a director
as of the closing date of our IPO shall hold office for a period of three (3) years from the closing date of our initial public offering,
or such other term as may be approved in the resolution appointing them; and (ii) any person appointed as a director after the closing
date of our IPO shall hold office for a period of three (3) years from the date of such appointment, or such other term as may be approved
in the resolution appointing them. Each director shall hold office until the expiration of his term, or his resignation, removal or retirement
from our board of directors, or his disqualification as a director.

A retiring director shall be eligible for re-election
from the date commencing six (6) months prior to the date of expiry of his term of office, and shall continue to act as a director throughout
the meeting at which his re-election is considered. Where the retirement of any director would cause the number of directors to fall below
the minimum number required pursuant to our amended and restated articles of association, then such director shall continue to act as
a director until the appointment of such additional director(s) as would not result in the director’s retirement causing the number
of directors to fall below the minimum number required pursuant to our amended and restated articles of association, at which time they
shall retire.

Subject to our amended and restated articles of
association and the applicable Law, the shareholders may by ordinary resolution elect any person to be a director either to fill a casual
vacancy or as an addition to the existing board of directors. In addition, the directors shall have the power from time to time and at
any time, by the affirmative vote of a majority of the directors present and voting at a meeting of our board of directors, to appoint
any person as a director to fill a casual vacancy on our board of directors or as an addition to the existing board of directors.

No director shall be required to hold any shares
of our company by way of qualification and a director who is not a shareholder shall be entitled to receive notice of and to attend and
speak at any general meeting of our company and of all classes of shares of our company.

Subject to any provision to the contrary in our
amended and restated memorandum and articles of association, a director may, at any time before the expiration of his or her period of
office (notwithstanding anything in our amended and restated memorandum and