Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 115

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 115
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2021 Determination Report; and (2) concluded that the PCAOB
has been able to conduct inspections and investigations completely in the PRC in 2022. The December 15, 2022 Determination Report cautions,
however, that authorities in the PRC might take positions at any time that would prevent the PCAOB from continuing to inspect or investigate
completely. As required by the HFCAA, if in the future the PCAOB determines it no longer can inspect or investigate completely because
of a position taken by an authority in the PRC, the PCAOB will act expeditiously to consider whether it should issue a new determination.

Prior to enactment of the AHFCAA, the HFCAA provided
that our securities will be prohibited from trading on any national securities exchange and in the over-the-counter market in the United
States if our auditor cannot continue to be subject to full inspection by the PCAOB for three consecutive years. On December 29, 2022,
the omnibus spending bill was signed into law, which included the enactment of provisions under the AHFCAA to accelerate the timeline
for implementation of trading prohibitions under the HFCAA from three consecutive years to two consecutive years. The termination in or
any restriction on the trading of our securities will significantly limit or completely hinder our ability to offer securities to investors,
or cause such securities to significantly decline in value or become worthless.

Regulations Relating to Product Quality

The principal legal provisions governing product
liability are set forth in the PRC Product Quality Law, which was promulgated in February 1993 by the SCNPC and amended in July 2000 and
August 2009.

The PRC Product Quality Law stipulates the responsibilities
and obligations of product sellers and producers. Violations of the PRC Product Quality Law may result in the imposition of fines. In
addition, the seller or producer may be ordered to suspend its operations, and its business license may be revoked. There may also be
criminal liability in serious cases.

According to the PRC Product Quality Law, consumers
or other victims who suffer injury or property losses due to product defects may demand compensation from the manufacturer as well as
the seller. After compensating the consumer, the seller may recover the corresponding amount from the manufacturer if the manufacturer
is responsible for the product defects, and vice versa.

Regulations Relating to Consumer Protection

The principal legal provisions for the protection
of consumer interests are set forth in the Law of the PRC on