X3 Holdings Co Ltd. (China)

The Company, through its subsidiaries, is a provider of software application and technology services to corporate and government customers engaged in global trade.
The Company offers Global Trade Platform, a digital platform for trading partners, service providers, and government authorities. It also engages in bitcoin cryptomining operations, renewable energy projects, and agriculture technologies and trading.
HISTORY
1997: Founded in 1997, the Company pioneered global trade software applications with a vision to make global trade operations easier for customers. Since inception, the Company has continued to innovate by developing technologies that enable successful delivery of a series of solutions and services that address the evolving and changing needs of thousands of its customers.
2018: The Company was incorporated under the laws of the Cayman Islands on July 27, 2018 as a holding company. The Company have applied for listing on the NASDAQ Capital Market under the symbol “PBTS”.
For the purpose of this Offering and listing on the NASDAQ Capital Market, a reorganization of the Company's legal structure was completed on August 27, 2018. The reorganization involved the incorporation of Powerbridge, a Cayman Islands holding company, and its wholly owned subsidiary, Powerbridge HK, a holding company incorporated on July 27, 2018 under the laws of Hong Kong; and the transfer of all equity ownership of Powerbridge Zhuhai to Powerbridge HK from the former shareholders of Powerbridge Zhuhai through an investment holding company.
On August 7, 2018, the former shareholders transferred their 100 ownership interest in Powerbridge Zhuhai to Powerbridge HK, which is 100 owned by Powerbridge. After the reorganization, Powerbridge owns 100 equity interests of Powerbridge HK and Powerbridge Zhuhai. All shareholders have the same ownership interest in Powerbridge as in Powerbridge Zhuhai prior to the reorganization.
2019: On June 21, 2019, the Company incorporated Wuhan Honggang Technology Co. Ltd. (“Wuhan Honggang”) in Hubei province under the law of the PRC. Wuhan Honggang is 60 owned by Powerbridge Zhuhai, one of the wholly owned subsidiaries of the Company, and 40 owned by a third party. Wuhan Honggang is engaged in application development service and Internet of Things (“IOT”) system developments.
On June 28, 2019, Powerbridge Zhuhai entered into a joint venture agreement (the “JV Agreement”) with Guangdong Guangrui Network Technology Co., Ltd. (“Gaungrui”) to form the joint venture through a newly-formed corporation named Shantou Hongrui Information Technology Co., Ltd. (“Hongrui”) to undertake exploration for technology information services in the area of Shantou and Guangdong.
On September 2, 2019, Powerbridge Zhuhai, one of the wholly owned subsidiaries of the Company, together with two unrelated entities, incorporated Chongqing Powerbridge Zhixin Technology Co., Ltd (“Chongqing Powerbridge”) with Powerbridge Zhuhai holding 45 equity interest in Chongqing Powerbridge. By the date of this report, Chongqing Powerbridge has not commenced its operations and Powerbridge Zhuhai has not injected any capital to the business. Chongqing Powerbridge is engaged in IT system development and technical consulting service.
On September 29, 2019, Powerbridge Zhuhai, one of the wholly owned subsidiaries of the Company, incorporated Ningbo Powerbridge Pet Products E-commerce Co. Ltd. (“Ningbo Powerbridge”) in Zhejiang province under the law of the PRC. Ningbo Powerbridge is 60 owned by the Powerbridge Zhuhai and 40 owned by two unrelated entities. Ningbo Powerbridge is engaged in development of e-commerce systems for pet industry.
2024: Effective January 30, 2024, the Company has undergone a transformation, changing its corporate name from Powerbridge Technologies Co., Ltd. to X3 Holdings Co., Ltd. The Nasdaq stock symbol has also transitioned from PBTS to XTKG. This change reflects the Company's evolving global expansion strategy and its commitment to broader technological and business horizons.