Summary by Moomoo AI
On October 24, 2024, a significant change in ownership took place at XChange TEC.INC, a foreign private issuer registered with the U.S. Securities and Exchange Commission. Yong Zhang, the Chairman of the Board of Directors and Chief Executive Officer of XChange TEC.INC, acquired all issued and outstanding ordinary shares of Golden Stream Ltd. from Chengcai Qu, the former Chairman and CEO of the company and the then sole shareholder and director of Golden Stream. This transaction made Yong Zhang the sole shareholder and director of Golden Stream, which holds a substantial number of Class B ordinary shares in XChange TEC.INC, amounting to 6,392,789,000,000 shares. The report detailing this event has been incorporated by reference into the company's Registration Statement on Form F-3, as filed with the SEC on July 27, 2021.
