Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 98

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 4
Chunk 98
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 the relevant Internet service. Network service providers are further prohibited from divulging, distorting or
destroying any such personal information, or selling or providing such personal information unlawfully to other parties. In addition,
if a network service provider appoints an agent to undertake any marketing or technical services that involve the collection or usage
of personal information, the network service provider is required to supervise and manage the protection of the information. Pursuant
to the Provisions for the Protection of Person Information, in broad terms, that violators may face warnings, fines, public exposure
and, in the most severe cases, criminal liability.

Regulations relating to Mobile Internet Applications Information
Services

In China a mobile internet application is governed
by the Provisions on the Administration of Mobile Internet Application Information Services, or the Provisions on Administration of Application,
as promulgated by the CAC on June 28, 2016 and became effective on August 1, 2016.

Pursuant to the Provisions on Administration
of Application, application information service providers shall obtain the relevant qualifications as required by laws and regulations,
strictly implement their information security management responsibilities, and carry out the duties including to establish and complete
user information security protection mechanism, to establish and complete information content inspection and management mechanisms, to
protect users’ right to know the right to choose in the process of usage, and to record users’ daily information and preserve
it for sixty (60) days.

Regulation Relating to Intellectual Property

The Copyright Law

PRC has enacted various laws and regulations
relating to the protection of copyright. PRC is a signatory to some major international conventions on protection of copyright and became
a member of the Berne Convention for the Protection of Literary and Artistic Works in October 1992, the Universal Copyright Convention
in October 1992, and the Agreement on Trade-Related Aspects of Intellectual Property Rights upon its accession to the World Trade Organization
in December 2001.

The Copyright Law of the PRC (2010 Revision),
or the Copyright Law, which was promulgated on September 7, 1990 and subsequently amended on October 27, 2001 and February 26, 2010 and
the Implementation Regulation of the Trademark Law of the PRC promulgated by the State Council on August 2, 2002 and further amended
on January 8, 2011 and January 30, 2013 provides that Chinese citizens, legal persons