Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 79

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 4
Chunk 79
---
 on the Company - Organizational
Structure” for a diagram illustrating our corporate structure upon consummation of the Acquisition and as of the date of this annual
report.

Our principal executive offices are located at
No.801, Building 1, 1136 Xinzha Road, JingAn District, Shanghai, 200041, People’s Republic of China. Our telephone number at this
address is +86-21-6422-8532. Our registered office in the Cayman Islands is located at Cricket Square, Hutchins Drive, P. O. Box 2681,
Grand Cayman KY1 1111, Cayman Islands.

Investors should submit any inquiries to the
address and telephone number of our principal executive offices. Our main website is https://ir. xhghk. com The information contained on
our website is not a part of this annual report.

SEC maintains an internet site (http://www. sec. gov),
which contains reports, proxy and information statements, and other information regarding us that file electronically with the SEC.

B. Business Overview

Disposed Business

On October 31, 2023, we sold all of the equity
interest in Haoju to Wangxiancai Limited, a limited company incorporated under the laws of Hong Kong for nominal consideration.

On September 12, 2024, we sold all of the equity
interest in QK365, FENGLINJU PROPERTY (CHINA) LIMITED and Shanghai Meileju Intelligent Technology Co., Ltd to Wangxiancai Limited, a limited
company incorporated under the laws of Hong Kong for nominal consideration. As a result of the Disposal, we have no longer conducted the
long-term apartment rental business as of the date of this annual report and the results of our disposed long-term apartment rental business
are accounted as discontinued operations in accordance with ASC 205-20-45 in the financial statements as of and for the fiscal year ended
September 30, 2024 included elsewhere in this annual report.

For additional information, see Note 3 - 
“ Disposition of Long-term Apartment Rental Business” to our consolidated financial statements included elsewhere in this annual
report.

Our Business

We acquired Alpha Mind, an insurance agency and
insurance technology business in the PRC, on December 28, 2023. Alpha Mind conducts its insurance agency and insurance technology businesses
in the PRC through the Current WFOE and Current VIEs.

As of the date of this annual report