XChange TEC.INC

XChange TEC., Inc. engages in the operation of a technology-driven apartment rental platform. It offers affordable branded apartments as well as facilitates a variety of value-added services. The company was founded in 2012 by Guang Jie Jin and is headquartered in Shanghai, China.

A five-year initiative founded by Toronto Stock Exchange and national organizations, CCWX will curate and promote a variety of events focused on Canada's unique perspective and prospects on climate-related issues Toronto, Ontario--(Newsfile Corp. - November 21, 2024) - Canada Climate Week Xchange (CCWX) is a new five-year initiative on a mission to bring together diverse organizations to support Canada's commitment to significant reductions in greenhouse gas emissions (GHG) by 2030, through events dedicated to addressing Canada's climate-related challenges and opportunities. CCWX is a collaboration between Toronto Stock Exchange, Canada Climate Law Initiative (CCLI), CPA Canada, GLOBE Series, and the Responsible Investment Association (RIA).

Introducing Canada Climate Week Xchange (CCWX), A New Initiative Dedicated To Promoting Cross-Collaboration on Canada's Climate-Related Challenges

BETHESDA, Md.--(BUSINESS WIRE)--Quantum Xchange today announced that its Post-Quantum Cryptography (PQC) key delivery and quantum-safe VPN solution, Phio TX, has successfully completed Federal Information Processing Standard (FIPS) 203 validation testing under the Cryptographic Algorithm Validation Program (CAVP). FIPS 203, published by the National Institute of Standards and Technology (NIST) on Aug. 13, 2024, is one of the new PQC standards aimed at replacing existing quantum-vulnerable encry.

Quantum Xchange Receives FIPS 203 Validation for its Key Delivery and Management System Phio TX

SHANGHAI , Nov. 15, 2024 /PRNewswire/ -- XChange TEC.INC (NASDAQ: XHG) (the "Company"), today announced that it has received a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") dated November 13, 2024 stating that the Company is not in compliance with the requirement to maintain a minimum Market Value of Listed Securities ("MVLS") of $35 million as set forth under Nasdaq Listing Rule for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(2) requires companies to maintain a minimum MVLS of $35 million (the "MVLS Requirement"), and Nasdaq Listing Rule 5810(c)(3)(C) specifies that a deficiency occurs if the MVLS falls below this threshold for 30 consecutive business days.

XChange TEC.INC RECEIVES NASDAQ MINIMUM MARKET VALUE DEFICIENCY NOTICE

SHANGHAI , Nov. 12, 2024 /PRNewswire/ -- XChange TEC.INC (NASDAQ: XHG) (the "Company"), today announced that it has received a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") dated November 8, 2024 stating that the Company is not in compliance with the requirement to maintain a minimum bid price of $1 per share as set forth under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule") for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.

XChange TEC.INC RECEIVES NASDAQ MINIMUM BID PRICE DEFICIENCY NOTICE

SHANGHAI , Nov. 4, 2024 /PRNewswire/ -- XChange TEC.INC (NASDAQ: XHG) (the "Company") today announced that it plans to change the ratio of the American depositary shares ("ADSs") representing its Class A ordinary shares from one (1) ADS representing six hundred thousand (600,000) Class A ordinary share to one (1) ADS representing twelve million (12,000,000) Class A ordinary shares. For the ADS holders, the change in the ADS ratio will have the same effect as a one-for-twenty reverse ADS split.

XChange TEC.INC Announces Plan to Implement ADS Ratio Change

BETHESDA, Md.--(BUSINESS WIRE)--Quantum Xchange today announced that its crypto-agile, PQC management platform, Phio TX™ has achieved FIPS 140-3 certification, meeting the rigorous security requirements for cryptographic modules used by the U.S. Government, its agency partners, and commercial businesses. Federal Information Processing Standard (FIPS) 140-3, published by the National Institute of Standards and Technology (NIST), is the U.S. government standard used in designing and implementing.

Quantum Xchange Receives FIPS 140-3 Certification for Phio TX

SHANGHAI , Sept. 24, 2024 /PRNewswire/ -- XChange TEC.INC (NASDAQ: XHG) (the "Company"), today announced that on September 24, 2024, the Company entered into a Securities Purchase Agreement with VG Master Fund SPC ("VG") pursuant to which the Company may from time to time sell VG up to $25.0 million of American Depositary Shares ("ADSs") with each ADSs representing 600,000 of the Company's Class A Ordinary Shares.

XChange TEC.INC Announces Entry into $25.0 Million Committed Equity Facility with VG Master Fund SPC

BETHESDA, Md.--(BUSINESS WIRE)--Quantum Xchange, delivering the future of encryption with crypto agility, visibility, and management solutions, today announced that it has been named an IDC Innovator in the report, IDC Innovators: Post Quantum Cryptography, 2024 (Doc #: US52524924). IDC Innovator reports highlight emerging vendors that are offering new technology, a groundbreaking solution to an existing issue, and/or an innovative business model. Since its launch in 2018, Quantum Xchange has b.

Quantum Xchange Recognized as an IDC Innovator for Post-Quantum Cryptography

SHANGHAI , Aug. 15, 2024 /PRNewswire/ -- XChange TEC.INC (NASDAQ: XHG) (the "Company"), today announced that it received two letters, dated August 12 and 14, 2024, respectively, from The Nasdaq Stock Market ("Nasdaq") notifying the Company that it had regained compliance with the requirement to maintain a minimum bid price of $1 per share as set forth under Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Market (the "Bid Price Rule"). As previously announced by the Company via a press release on April 9, 2024, the Company received a notice from Nasdaq dated April 3, 2024, stating that the Company was not in compliance with the Bid Price Rule.

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