Company: XHG
Filing Date: 2025-09-09
Form Type: F-3
Source: 0001213900-25-086186
Chunk: 98

Company: XChange TEC.INC
Filing Date: 2025-09-09
Form: F-3
Chunk 98
---
 5.1**   |     | Opinion of                                                                                                                                                                                                                                                                                            
 Conyers Dill & Pearman                                                                                                                                                                                                                                                                                |
| 5.2**   |     | Opinion of                                                                                                                                                                                                                                                                                            
 ArentFox Schiff LLP                                                                                                                                                                                                                                                                                   |
| 23.1    |     | Consent of Onestop Assurance PAC, independent registered public accounting firm                                                                                                                                                                                                                       |
| 23.2**  |     | Consent of                                                                                                                                                                                                                                                                                            
 Conyers Dill & Pearman (included in Exhibit 5.1)                                                                                                                                                                                                                                                      |
| 23.3**  |     | Consent of                                                                                                                                                                                                                                                                                            
 ArentFox Schiff LLP (included in Exhibit 5.2)                                                                                                                                                                                                                                                         |
| 24.1    |     | Power of Attorney                                                                                                                                                                                                                                                                                     |
| 25.1*   |     | Form T-1 Statement                                                                                                                                                                                                                                                                                    
 of Eligibility and Qualification under the Trust Indenture Act of the Trustee under the Indenture                                                                                                                                                                                                     |
| 107     |     | Calculation of Filing Fee Tables                                                                                                                                                                                                                                                                      |

| *  | To be filed as an exhibit to a post-effective amendment to this registration statement or as an exhibit to a report filed under the Exchange Act and incorporated herein by reference. |
| ** | To be filed by amendment.                                                                                                                                                              |

<div align='center'>II-3

SIGNATURES</div>

Pursuant to the requirements of the Securities
Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-3 and
has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Shanghai, China,
on September 9, 2025.

| XChange TEC.INC |                 |                                     |
| By:             | /s/ Zhichen Sun |                                     |
|                 | Name:           | Zhichen Sun                         |
|                 | Title:          | Chairman of the Board of Directors, 
 Chief Executive Officer             |

<div align='center'>POWER OF ATTORNEY</div>

KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below constitutes and appoints Zhichen Sun as his true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and
all amendments (including post-effective amendments) and supplements to