Company: XHG
Filing Date: 2025-10-29
Form Type: F-3/A
Source: 0001213900-25-103499
Chunk: 89

Company: XChange TEC.INC
Filing Date: 2025-10-29
Form: F-3/A
Chunk 89
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 ● | the date, if any, on and after                                                             
 which the equity warrants and the related equity security will be separately transferable; |

| ● | if applicable, the minimum                                                      
 or maximum amount of the equity warrants that may be exercised at any one time; |

| ● | the date on which the right                                                                
 to exercise the equity warrants will commence and the date on which the right will expire; |

| ● | if applicable, a discussion                                                                                
 of United States federal income tax, accounting or other considerations applicable to the equity warrants; |

| ● | anti-dilution provisions of  
 the equity warrants, if any; |

| ● | redemption or call provisions,                 
 if any, applicable to the equity warrants; and |

| ● | any additional terms of the                                                                                                
 equity warrants, including terms, procedures and limitations relating to the exchange and exercise of the equity warrants. |

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Holders of equity warrants will not be entitled,
solely by virtue of being holders, to vote, to consent, to receive dividends, to receive notice as shareholders with respect to any meeting
of shareholders for the election of directors or any other matters, or to exercise any rights whatsoever as a holder of the equity securities
purchasable upon exercise of the equity warrants.

Debt Warrants

Each debt warrant issued by us will entitle its
holder to purchase the debt securities designated at an exercise price set forth in, or to be determinable as set forth in, the related
prospectus supplement. Debt warrants may be issued separately or together with debt securities.

The debt warrants are to be issued under debt
warrant agreements to be entered into between us, and one or more banks or trust companies, as debt warrant agent, as will be set forth
in the applicable prospectus supplement and this prospectus.

The particular terms of each issue of debt warrants,
the debt warrant agreement relating to the debt warrants and the debt warrant certificates representing debt warrants will be described
in the applicable prospectus supplement, including, as applicable:

| ● | the title of the debt warrants; |

| ● | the offering price; |

| ● | the title, aggregate principal                                                          
 amount and terms of the debt securities purchasable upon exercise of the debt warrants; |

| ● | the currency or currency units                                           
 in which the offering price, if any, and the exercise price are payable; |

| ● | the title and terms of any                                                                                                          
 related debt securities with