Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 94

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 94
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 foreign-invested enterprises
that invest in the PRC shall be governed by the Foreign Investment Law and the Implementing Rules.

The Foreign Investment Law and the Implementing
Rules stipulate that the PRC implements a system of pre-entry national treatment plus negative list for the administration of foreign
investment. “ Pre-entry national treatment” means the treatment given to foreign investors and their investment at the market
accessing stage being not less favorable than that given to domestic investors and their investment. “ Negative list” means
the special administrative measures stipulated by the State for foreign investment’s access to specific areas. Foreign investors
shall not invest in any area where foreign investment is prohibited as set out in the negative list; foreign investors shall meet the
conditions prescribed in the negative list before investing in any area where foreign investment is restricted. Thus, the PRC grants national
treatment to foreign investment outside the negative list. The currently effective negative list is published by the National Development
and Reform Commission and the Ministry of Commerce on December 27, 2021, which became effective on January 1, 2022 (the “2021 Negative
List”).

Except for the regulations on market entry, the
Foreign Investment Law and the Implementing Rules undertake to protect the investment, incomes and other legitimate rights and interests
of foreign investors in China. The Foreign Investment Law and the Implementing Rules allow foreign investors’ profits, capital gains,
intellectual property royalties and other gains to be freely remitted outward in accordance with the law. It also contains provisions
aiming to promote foreign investment, including that the State’s policies supporting enterprise development are equally applicable
to foreign-invested enterprises in accordance with the law.

In terms of foreign-invested enterprises established
according to the Sino-foreign Equity Joint Venture Enterprise Law of the PRC, the Sino-foreign Cooperative Joint Venture Enterprise Law
of the PRC or the Wholly Foreign-invested Enterprise Law of the PRC before the implementation of the Foreign Investment Law, the Foreign
Investment Law provides that they may maintain their original organization forms within five years after the implementation of the Foreign
Investment Law.

Pursuant to the Foreign Investment Law and the
Implementing Rules, and the Information Reporting Measures for Foreign Investment jointly promulgated by the Ministry of Commerce and
the State Administration for Market Regulation, which took effect on January 1, 2020, a foreign investment information reporting system
shall be established and foreign investors or foreign-invested