XChange Tec.Inc. (China)

The Company engages in the professional insurance agency business in the People s Republic of China.
The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers. It sells insurance primarily through a network of external referral sources that include external registered sales representatives and strategic channel partners, as well as through the in-house sales force.
The Company operates and manages its business as a single operating segment.
HISTORY
2014 The Company was incorporated Q K International Group Limited in the Cayman Islands in August 2014.
2019 The Companys ADSs have been listed on the NASDAQ Global Market since November 5, 2019. The Companys ADSs trade under the symbol “QK”.
2022 The Company has changed its corporate name from “Q K International Group Limited” to “FLJ Group Limited”, effective on September 13, 2022.
The Company began trading under the new ticker symbol “FLJ” on the NASDAQ effective on September 26, 2022.
2023 On October 31, 2023, the Company sold all of the equity interest in Haoju to Wangxiancai Limited, a limited company incorporated under the laws of Hong Kong for nominal consideration.
On September 12, 2024, the Company sold all of the equity interest in QK365, FENGLINJU PROPERTY (CHINA) LIMITED and Shanghai Meileju Intelligent Technology Co., Ltd to Wangxiancai Limited, a limited company incorporated under the laws of Hong Kong for nominal consideration.
The Company acquired Alpha Mind, an insurance agency and insurance technology business in the PRC, on December 28, 2023. Alpha Mind conducts its insurance agency and insurance technology businesses in the PRC through the Current WFOE and Current VIEs.
2024 On May 20, 2024, The Company changed its name from “FLJ Group Limited” to “XChange TEC.INC,” effective on May 21, 2024.
The Company s ADSs began trading under the new ticker symbol “XHG” on the NASDAQ effective on June 3, 2024.