Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 29

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 29
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achieves the forecasted growth, our business could fail to grow at similar rates, if at all.

Market opportunity estimates
and growth forecasts, including those we have generated ourselves, are subject to significant uncertainty and are based on assumptions
and estimates that may not prove to be accurate. The variables that go into the calculation of our addressable market size are subject
to change over time, and there is no assurance that any target business customers covered by our market opportunity estimates will purchase
our products at all or generate any particular level of revenue for us. Any expansion in our market depends on a number of factors, including
the cost, performance, competition and perceived value associated with our products and services. Even if the market in which we compete
meets the size estimates and growth forecasted, our business could fail to grow at similar rates, if at all, due to various factors, including
failure to execute our growth plan, ineffective management over operations and adverse impact from negative publicity. Accordingly, the
forecasts of market growth should not be taken as indicators of our future growth.

We may be unable
to establish and maintain an effective system of internal control over financial reporting, and, as a result, we may be unable to accurately
report our financial results or prevent fraud.

We are subject to reporting
obligations under the U. S. securities law. The SEC as required by Section 404 of the Sarbanes-Oxley Act of 2002 (“ SOX 404”),
adopted rules requiring every public company to include a management report on such company’s internal control over financial reporting
in its annual report, which must also contain management’s assessment of the effectiveness of the company’s internal control
over financial reporting. In addition, the independent registered public accounting firm auditing the financial statements of a company
that is not a non-accelerated filer, emerging growth company or smaller reporting company under Rule 12b-2 of the Exchange Act must also
attest to the operating effectiveness of the company’s internal controls.

Failure to achieve and
maintain an effective internal control environment could result in our inability to accurately report our financial results, prevent or
detect fraud or provide timely and reliable financial and other information pursuant to the reporting obligations we have as a public
company, which could have a material adverse effect on our business, financial condition and results of operations. Further, it could
cause our investors to lose confidence in the information we report, which could adversely affect our stock price.

We may