Company: XTKG
Filing Date: 2025-03-04
Form Type: F-3/A
Source: 0001213900-25-019896
Chunk: 17

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-03-04
Form: F-3/A
Chunk 17
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, the following:

| ● | Economic                                                                   
 uncertainties or downturns could materially adversely affect our business. |

| ● | The                                                                                           
 growth and success of our business depends on our ability to develop new services and enhance 
 existing services in order to keep pace with rapid changes in technology.                     |

| ● | If                                                                                       
 we do not succeed in attracting new customers for our services and growing revenues from 
 existing customers, we may not achieve our revenue growth goals.                         |

| ● | We                                                                                           
 may be unable to effectively manage our expansion for the anticipated growth, which could    
 place significant strain on our management personnel, systems and resources. We may not be   
 able to achieve anticipated growth, which could materially and adversely affect our business 
 and prospects.                                                                               |

| ● | We                                                                                              
 face risks associated with having an extended selling and implementation cycle for our services 
 that require us to make significant resource commitments prior to realizing revenues for        
 those services.                                                                                 |

| ● | Adverse                                                                                       
 changes in the economic environment, either in China or globally, could reduce our customers’ 
 purchases from us and increase pricing pressure, which could materially and adversely affect  
 our revenues and results of operations.                                                       |

| ● | We                                                                                               
 generate a significant portion of our revenues from a relatively small number of major customers 
 and loss of business from these customers could reduce our revenues and significantly harm       
 our business.                                                                                    |

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| ● | We                                                                                           
 may be forced to reduce the prices of our services due to increased competition and reduced  
 bargaining power with our customers, which could lead to reduced revenues and profitability. |

| ● | A                                                                                                    
 portion of our income is generated, and will in the future continue to be generated, on a            
 project basis with a fixed price; we may not be able to accurately estimate costs and determine      
 resource requirements in relation to our projects, which would reduce our margins and profitability. |

Risks Related to Our Corporate Structure Risks and uncertainties related to our corporate structure include, but are not limited to, the following:

| ● | We                                                                                                
 are a Cayman Islands company and, because judicial precedent regarding the rights of shareholders 
 is more limited under Cayman Islands law than under U.S. law, shareholders may have less          
 protection for their shareholder rights than they would under U.S. law.                           |

| ● | Judgments                                                       
 obtained against us by our shareholders may not be enforceable. |

| ● | We                                                                                          
 may lose our foreign