Company: XTKG
Filing Date: 2025-07-17
Form Type: 424B5
Source: 0001213900-25-064921
Chunk: 19

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-07-17
Form: 424B5
Chunk 19
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 may further strengthen oversight and control over listings and offerings that are conducted overseas. Any such
action may adversely affect our operations and significantly limit or completely hinder our ability to offer or continue to offer securities
to you and cause the value of such securities to significantly decline or be worthless.

<div align='center'>S-7</div>

Holding Foreign Companies Accountable Act and its Implications

Trading in our securities
may be prohibited under the Holding Foreign Companies Accountable Act, or the HFCA Act, if the PCAOB determines that it cannot inspect
or fully investigate our auditor, and that as a result, an exchange may determine to delist our securities. On June 22, 2021, the
U.S. Senate passed the Accelerating Holding Foreign Companies Accountable Act and on December 29, 2022, a legislation entitled “Consolidated
Appropriations Act, 2023” (the “Consolidated Appropriations Act”) was signed into law by President Biden, which contained,
among other things, an identical provision to Accelerating Holding Foreign Companies Accountable Act and reduced the period of time for
foreign companies to comply with PCAOB audits to two consecutive years, instead of three, thus reducing the time period before our securities
may be prohibited from trading or delisted. In addition, on December 16, 2021, the PCAOB issued a report on its determination that
it is unable to inspect or investigate completely PCAOB-registered public accounting firms headquartered in mainland China and in Hong
Kong because of positions taken by mainland China and Hong Kong authorities in those jurisdictions. On August 26, 2022, the CSRC, the
MOF, and the PCAOB signed the Protocol, governing inspections and investigations of audit firms based in mainland China and Hong Kong.
Pursuant to the Protocol, the PCAOB shall have independent discretion to select any issuer audits for inspection or investigation and
has the unfettered ability to transfer information to the U.S. Securities and Exchange Commission. On December 15, 2022, the PCAOB Board
determined that the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered
in mainland China and Hong Kong and voted to vacate its previous determinations to the contrary. However, should PRC authorities obstruct
or otherwise fail to facilitate the PCAOB’s access in the future, the PCAOB Board will consider the need to issue a new determination.

Notwithstanding the foregoing,
in the