Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 213

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 213
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  Purchase of property, plant and equipment                                               ( 396,710      ( 440                 ( 1,008  
  Purchase of intangible assets                                                        ( 11,854,260      -                           -  
  NET CASH FROM/(USED IN) INVESTING ACTIVITIES                                         ( 12,011,122      2,625,599         ( 9,443,746  
  FINANCING ACTIVITIES                                                                                                                  
  Proceeds on bank loans                                                                  1,667,657      1,129,797                   -  
  Repayment of borrowings                                                                         -      -                           -  
  Interest paid                                                                            ( 13,895      ( 5,187                     -  
  Advance from related party                                                              3,489,305      748,869             2,220,098  
  Repayment of lease liabilities                                                            ( 3,038      -                           -  
  NET CASH FROM FINANCING ACTIVITIES                                                      5,140,029      1,873,479           2,220,098  
  NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS                                      837,533      ( 19,959         ( 12,181,059  
  Effects of currency translation                                                          ( 60,388      ( 93,646            ( 212,939  
  CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR                                            407,311      520,916            12,914,914  
  CASH AND CASH EQUIVALENTS AT END OF YEAR                                                1,184,456      407,311               520,916  

Cash flows of discontinued operation are presented
in Note 17.

The accompanying notes are an integral part of
these consolidated financial statements.

F-6

JX Luxventure Group Inc.

Notes to consolidated Financial Statements

  GENERAL INFORMATION  

On January 26, 2012, Acquisition Investments
Corp (“ Company”) was organized as a blank check company pursuant to the laws of the Republic of the Marshall Islands for the
purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, or similar acquisition transaction,
one or more operating businesses or assets.

On March 24, 2014, the Company entered
into a Share Exchange Agreement and Plan of Liquidation (the “ Agreement”) among KBS International Holdings, Inc. (“ KBS”),
a Nevada corporation