Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 154

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 154
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000; and 80,000 shares of Series D Convertible Preferred Stock,
convertible into 104 shares of Common Stock at the purchase price of $2,080,000.

On August 23, 2024, the Company issued to Huidan
Li, the Co-Chairman of the board of directors, the 2024 Original Note, in the principal amount of $3,000,000 in consideration of the continuous
advances of funds to the Company by the Co-Chairman for a period of over two (2) years. On August 26, 2024, Mr. Li sold, transferred,
and assigned the 2024 Original Note and, collectively, all of his rights, title and interest in, to and under the 2024 Original Note to
eight Assignees, pursuant to the Assignment Agreement among the Company, Mr. Li as Assignor and the Assignees, and the Company issued
to the Assignees promissory notes on the terms of the 2024 Original Note. Pursuant to the 2024 Exchange Agreement among the Company and
the Assignees, on September 26, 2024, the Assignees canceled the total outstanding principal amount due under the promissory notes issued
by the Company to the Assignees in exchange for the issuance of an aggregate of 1,000,000 shares (each Holder was issued 125,000 shares)
of Series E Convertible Preferred Stock.

On February 17, 2025, the Company issued a new
promissory note (the “2025 Original Note”) to Mr. Li in the principal amount of $3,500,000, in consideration of funds advanced
by Mr. Li to the Company. On April 21, 2025, Mr. Li transferred and assigned to six (6) investors (the “ Assignees”) an aggregate
of $1,380,000, representing a portion of the principal amount under the 2025 Original Note (the “ Total Assigned Debt”), with
each Assignee to be assigned a portion of the Total Assigned Debt equal to $230,000 (the “ Assignment”), in consideration of
the purchase price of $230,000 from each Assignee. Upon Mr. Li’s assignment of the Total Assigned Debt to Assignees, the Company
issued to Mr. Li a new promissory note in principal amount of $2,120,000, representing the total remaining outstanding amount due to Mr.
Li under the