Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 160

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 6
Chunk 160
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10A-3 under the Exchange Act, as amended. In addition, our Board has determined
that Wei Jiang qualifies as an “audit committee financial expert” as such term is currently defined in Item 407(d)(5) of Regulation
S-K and meets the financial sophistication requirements of the NASDAQ rules.

Compensation Committee

The Compensation Committee is responsible for,
among other matters:

  reviewing and approving, or recommending to the Board to approve the compensation of our CEO and other executive officers and directors;  
  reviewing key employee compensation goals, policies, plans and programs;                                                                  
  administering incentive and equity-based compensation;                                                                                    
  reviewing and approving employment agreements and other similar arrangements between us and our executive officers; and                   
  appointing and overseeing any compensation consultants or advisors.                                                                       

Our Compensation Committee
consists of three members, Wei Jiang, Ruizhong Jiang and Phillip Tao Qiu, with Phillip Tao Qiu serving as the Chairman of the Compensation
Committee. Our Board has affirmatively determined that each of the members of the Compensation Committee satisfy the “independence”
requirements of Section 5605(a)(2) of the Nasdaq Listing Rules and Rule 10A-3 under the Exchange Act.

Nominating Committee

The Nominating Committee is responsible for, among
other matters:

  selecting or recommending for selection candidates for directorships;  

  evaluating the independence of directors and director nominees;  

  reviewing and making recommendations regarding the structure and composition of our Board and the Board committees;  

  developing and recommending to the Board with corporate governance principles and practices;  

  reviewing and monitoring the Company’s Code of Business Conduct and Ethics; and  

  overseeing the evaluation of the Company’s management.  

Our Nominating Committee consists
of consists of three members, Phillip Tao Qiu, Ruizhong Jiang and Wei Jiang, with Ruizhong Jiang serving as the Chairman of the Nominating
Committee. Our Board has affirmatively determined that each of the members of the Nominating Committee satisfy the “independence”
requirements of Section 5605(a)(2) of the Nasdaq Listing Rules and Rule 10A-3 under the Exchange Act.

Duties of Directors

Under Cayman Islands law, our directors have a duty to act honestly,
in good faith and in our best interests. Our directors also have a duty to exercise the care, diligence and skills that a reasonably prudent
person would exercise in comparable circumstances. In fulfilling their duty of care to us, our