Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 110

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 4
Chunk 110
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, the increase of the registered
capital of a foreign-invested enterprise is subject to the prior approval by the original approval authority of its establishment. In
addition, the increase of registered capital and total investment amount shall both be registered with SAIC and SAFE. Shareholder loans
made by offshore parent holding companies to their PRC subsidiary are regarded as foreign debts in China for regulatory purpose, which
is subject to a number of PRC laws and regulations, including the PRC Foreign Exchange Administration Regulations, the Interim Measures
on Administration on Foreign Debts, the Tentative Provisions on the Statistics Monitoring of Foreign Debts and its implementation rules,
and the Administration Rules on the Settlement, Sale and Payment of Foreign Exchange. Under these regulations, the shareholder loans made
by offshore parent holding companies to their PRC subsidiary shall be registered with SAFE. Furthermore, the total amount of foreign debts
that can be borrowed by such PRC subsidiary, including any shareholder loans, shall not exceed the difference between the total investment
amount and the registered capital amount of the PRC subsidiary, both of which are subject to the governmental approval.

C. Our Structure

See “ Item 4. Information
on the Company - A. History and Development of the Company.”

D. Property, Plants and Equipment

Information regarding our
property, plants and equipment is described in “ Item 4. Information on the Company - B. Business Overview.”

Item 4A. UNRESOLVED STAFF COMMENTS