Company: XHG
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005499
Chunk: 183

Company: XChange TEC.INC
Filing Date: 2025-01-22
Form: 20-F
Item: Item 19
Chunk 183
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 understanding of internal control over financial reporting but not for the purpose of expressing
an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits
provide a reasonable basis for our opinion.

  /s/ Onestop Assurance PAC  

We have served as the Company’s auditor since 2023.

Singapore

January 22,
2025

PCAOB ID
Number 6732

F-2

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Shareholders and Board of Directors of

XChange
TEC. INC (formerly FLJ Group Limited)

Opinion
on the Financial Statements

We have audited,
before the effects of the adjustments to retrospectively present the discontinued operations as described in Note 3 and the effects of
retrospective adjustments to the share subdivision as described in Note 1, the accompanying consolidated balance sheet of XChange TEC. INC,
its subsidiaries and consolidated variable interest entities (the “ Group”) as of September 30, 2022, the related consolidated
statements of comprehensive income, changes in shareholders’ deficit and cash flows for the year ended September 30, 2022, and
the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements, before
the effects of the adjustments to retrospectively present the discontinued operations as described in Note 3 and the effects of retrospective
adjustments to the share subdivision as described in Note 1, present fairly, in all material respects, the financial position of the
Group as of September 30, 2022, and the results of its operations and its cash flows for the year ended September 30, 2022, in conformity
with accounting principles generally accepted in the United States of America.

We were not
engaged to audit, review, or apply any procedures to the adjustments to retrospectively present discontinued operations as described
in Note 3 and the retrospective adjustments to reflect the share subdivision as described in Note