• XChange Tec entered securities purchase agreement with VG Master Fund for up to USD 100 million of Class A ordinary shares represented by ADSs.
• Company can sell ADSs at its option through April 1, 2028, subject to purchase notices.
• Sales cannot begin until conditions are met, including filing of prospectus supplement.
• Each ADS represents 2,400 Class A ordinary shares; purchases require minimum USD 30,000 per draw.
• Issuances capped to keep VG beneficial ownership below 9.99% of outstanding Class A ordinary shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XChange Tec.Inc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-045190), on April 17, 2026, and is solely responsible for the information contained therein.