The board of directors (Board) of XD Inc. (the "Company") proposed to: (i) make certain amendments (the "Proposed Amendments") to the existing memorandum and articles of association of the Company (the "Existing Memorandum and Articles of Association"), for the purpose of, among others, (a) reflecting the core shareholder protection standards as set out in the revised Appendix 3 to the Listing Rules with effect from 1 January 2022, (b) bringing the Existing Memorandum and Articles of Association in line with the Companies Act (As Revised) of the Cayman Islands, and (c) incorporating certain housekeeping amendments into the Existing Memorandum and Articles of Association, and (ii) adopt the amended and restated memorandum and articles of association of the Company incorporating and consolidating the Proposed Amendments (the "Amended and Restated Memorandum and Articles of Association"). Please refer to the Appendix to this announcement for details of the Proposed Amendments. The Proposed Amendments as well as the adoption of the Amended and Restated Memorandum and Articles of Association are subject to approval by the shareholders of the Company by way of a special resolution at the forthcoming annual general meeting.

A circular of the Company containing, among others, detailed information of the Proposed Amendments as well as the adoption of the Amended and Restated Memorandum and Articles of Association together with the notice of the forthcoming annual general meeting will be dispatched to the shareholders of the Company in due course.