Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 64

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 64
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 of our Common Stock may not meet the Minimum Bid Price Requirement.

If we do effect a reverse stock split in response
to, or in order to prevent, a future delisting notice, if received, there can be no assurance that the market price per new share of our
common stock after the reverse stock split will remain unchanged or increase in proportion to the reduction in the number of old shares
of our common stock outstanding before the reverse stock split. Other factors, such as our financial results, market conditions and the
market perception of our business may adversely affect the market price of our common stock and there can be no assurance that a reverse
stock split, if completed, will result in the intended benefits, that the market price of our common stock will increase in proportion
to the reduction in the number of shares of our common stock outstanding before the reverse stock split or that the market price of our
common stock will not decrease in the future. If the market price of our common stock does not increase the price per share of our common
stock above the Minimum Bid Price Requirement or if the market price of our common stock does not remain above Nasdaq’s minimum
bid price threshold of $1.00 per share, our common stock may still be delisted from Nasdaq.

Considering recent amendments to Nasdaq
Listing rules, if a reverse stock split done to regain compliance with the Minimum Bid Price Requirement would result in non-compliance
with other Nasdaq Listing Rules, Nasdaq will not accept it and our Common Stock could be delisted.

Nasdaq recently amended several of its listing rules related to reverse
stock splits, implementing stricter requirements on companies to maintain continued listing. Should we effect another reverse stock split
in order to regain compliance with the Minimum Bid Price Requirement, we need to ensure that it would not result in noncompliance with
other continued Nasdaq requirements. Otherwise, the Company will not be in compliance with the Minimum Bid Price Requirement and a secondary
noncompliance and Nasdaq may start the delisting process. This listing rule may significantly reduce our ability to determine a maximum
ratio of a reverse stock split that would enable us to increase the price per share of our common stock while complying with other continued
listing requirements. We cannot ensure you that our future reverse stock split, if needed, would result in compliance with all other Nasdaq
Listing Rules. If we are unable to cure noncompliance with other continued listing requirements, our common stock may be delisted from
Nasdaq; however, during