Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 153

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 153
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 Li                                          Co-Chairman                                                                      Common Stock       7,500                  *     
  Baojun Zhu                                         Director                                                                         Common Stock           0                  0     
  Mu Ruifeng                                         Director                                                                         Common Stock       2,500                  *     
  Jin Yan                                            Director                                                                         Common Stock       2,500                  *     
  All current officers and directors as a group                                                                                       Common Stock      91,578      (1)(2)      5.95  

  Less than 1%  

  (1)      Includes 5,247 shares of Common Stock held by Happy Brilliance Limited,                                                                   

  (2)      Does not include (i) 31,000 shares of Common Stock issuable upon conversion                                                               
  (3)      The percentage is calculated based upon Ms. Lei’s sole voting                                                                             

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY
TRANSACTIONS

A. Major Shareholders

Please refer to Item 6 “ Directors, Senior
Management and Employees - E. Share Ownership.”

B. Related Party Transactions

On May 22, 2022, the Board granted 25,000 shares
of Common Stock to Sun Lei pursuant to the employment agreement between the Company and Sun Lei dated June 22, 2021 (the “2021 Employment
Agreement”). The Shares bear the restrictive legend, as issued without registration under the Securities Act of 1933, as amended
(the “ Securities Act”), in reliance upon an exemption under Section 4(a)(2) of the Securities Act.

On June 22, 2022, the
Board authorized a share repurchase program of up to US$5,000,000 of the Company’s common stock from time to time during a 12-month
period by Mr. Lei, our Chief Executive Officer of Company (the “ Share Repurchase Program”). Pursuant to the Repurchase Program,
Mrs. Lei will not sell the shares in the public market for at least two years. As of the date of this Annual Report, Ms. Lei completed
the Repurchase Program. Purchase to the Repurchase Program, on March 28, 2023, she acquired in private negotiated transactions 152,000
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 124,000 shares of Common Stock at the total purchase price of $1,240,