Company: XHG
Filing Date: 2025-10-29
Form Type: F-3/A
Source: 0001213900-25-103499
Chunk: 62

Company: XChange TEC.INC
Filing Date: 2025-10-29
Form: F-3/A
Chunk 62
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 present in person (or being a corporation, is present by a duly authorized representative),
or by proxy(ies) shall have ten (10) votes, provided that, notwithstanding anything contained in our existing articles of association,
where more than one proxy is appointed by a shareholder which is a clearing house or a central depository house (or its nominee(s)), each
such proxy shall have one vote on a show of hands. For the purposes of our existing articles of association, procedural and administrative
matters are those that (i) are not on the agenda of the general meeting or in any supplementary circular that may be issued by us to the
shareholders; and (ii) relate to the chairman’s duties to maintain the orderly conduct of the meeting and/or allow the business
of the meeting to be properly and effectively dealt with, whilst allowing all shareholders a reasonable opportunity to express their views.

An ordinary resolution to be passed at a meeting
by the shareholders requires the affirmative vote of a simple majority of the votes attaching to the shares cast at a meeting, while a
special resolution requires the affirmative vote of no less than two-thirds of the votes attaching to the shares cast at a meeting. A
special resolution will be required for important matters such as a change of name or making changes to our existing memorandum of association
and our articles of association.

Transfer of Ordinary Shares

Subject to the restrictions contained in our existing
articles of association, any of our shareholders may transfer all or any of his or her ordinary shares by an instrument of transfer in
the usual or common form or any other form approved by our board of directors.

Our board of directors may, in its absolute discretion,
and without giving any reason therefor, refuse to register a transfer of any share that is not a fully paid up share to a person of whom
it does not approve, or any share issued under any share incentive scheme for employees upon which a restriction on transfer imposed thereby
still subsists, and it may also, without prejudice to the foregoing generality, refuse to register a transfer of any share to more than
four joint holders or a transfer of any share that is not a fully paid up share on which we have a lien. Our board of directors may also
decline to register any transfer of any ordinary share unless:

| ● | the instrument of transfer                                                                                                            
 is lodged with us, accompanied by the certificate for the ordinary shares to which it relates and such other evidence as our board of 
 directors may reasonably require to show the right of the transfer