Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 76

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 76
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 Chief Executive Officer of Company (the “ Share Repurchase Program”). Pursuant to the Repurchase Program,
Mrs. Lei acquired in private negotiated transactions 38,000 shares of Common Stock, at the total purchase price of $1,780,000; 1,240,000
shares of Series A Convertible Preferred Stock, convertible into 31,000 shares of Common Stock at the total purchase price of $1,240,000;
and 80,000 shares of Series D Convertible Preferred Stock, convertible into 26,000 shares of Common Stock at the purchase price of $2,080,000.

On July 12, 2022, the Company entered into a new
Employment Agreement with Sun Lei (the “2022 Employment Agreement”) for a one (1) year term, pursuant to which Sun Lei received
compensation of USD1.00 but no stock compensation. The 2022 Employment Agreement has expired, and the Company did not enter into a new
employment agreement with Sun Lei in 2023 and in 2024.

On October 26, 2022, the Board, acting by unanimous consent, in accordance
with applicable provisions of the Marshall Island Business Corporations Act (“ BCA”) and the Company’s Bylaws, terminated
the 2022 Plan and adopted a new 2022 Equity Incentive Plan (the “ New 2022 EIP”), replacing the 2022 Plan, effective immediately.
On the same date, the holders of 75% of the total issued and outstanding capital stock of the Company entitled to vote therein, acting
by written consent, approved and authorized the terms and provisions of the New 2022 EIP, in accordance with the applicable provisions
of the BCA and the Company’s Bylaws.

The New 2022 Plan provided
for a maximum of one million (1,000,000) shares authorized for issuance, subject to adjustments in the event of certain reorganizations,
mergers, combinations, recapitalizations, share splits, share dividends, or other similar events which change the number or kind of shares
outstanding. On November 4, 2022, the Company filed a new S-8 Registration Statement, registering 500,000 shares out of the total 1,000,000
shares of Common Stock, available to be issued under the New 2022 EIP. On December 12, 2022, the Company registered the remaining 500,000
shares of Common Stock