Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 82

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 82
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 4,000 of the Series
F Shares may be converted by such holder after nine (9) months from the date of the issuance. If any Series F Shares will remain outstanding
on or after one (1) year from the date of the issuance, the Company will have the right, but not the obligations, to require the holders
of such Series F Shares to convert them into the number of fully paid and non-assessable shares of common stock as would result from multiplying
the number of Series F Shares by 100.

As referenced above, on May 7, 2025, the Company
amended the New 2022 EIP by the Plan Amendment.

Current Corporate Structure.

Since August 2023, the Company has been further
changing its corporate structure, resulting in sale of 100% ownership of Heyang Travel and incorporation of new entities, without changing
the core of its business operations.

On October 8, 2023, the Company sold 100% ownership
in Beijing Heyang International Travel Services Co., Ltd, a PRC subsidiary of JX Luxury Tourism, and its indirect PRC operating subsidiary,
to a non-related third party for RMB1.

On August 3, 2023, Flower Crown acquired 100%
share capital of Billion Place Limited (Hong Kong) Co., Limited (“ Billion Place HK”), a limited company incorporated in Hong
Kong on March 13, 2023. This Hong Kong holding company became a wholly-owned subsidiary of Flower Crown and our indirect wholly-owned
subsidiary.

On March 7, 2024, Baofu (Zhuhai) Technology Co.,
Ltd. (“ Baofu Technology”) was incorporated, under the PRC laws. This entity became a direct wholly-owned subsidiary of Billion
Place HK and is engaged inTechnology Solution for Tourism Cross-Border Operationsbusiness
segment.

Hefei Aitong Cultural Tourism Development Ltd.
was incorporated on December 27, 2023, under the PRC laws. It is 51% owned by JX Luxury Tourism and is engaged in tourism business and
providing air-tickets sales agent services.

Jin Xuan (Shenzhen) International Trade Co., Ltd.
(“ JX Shenzhen”) was incorporated on Feb 6, 2024 under PRC laws. It became a wholly-owned subsidiary of Flower Crown HK and
is engaged in Cross-border Merchandise business segment.

Hainan Si Quan Run Hang International travel agency