Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 129

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 129
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RC subsidiaries.

Within our direct holding structure, the cross-border transfer of funds
within our corporate group is conducted in compliance with the laws and regulations of the PRC. To date, none of our subsidiaries have
made any dividends or distributions to JX Luxventure Group Inc. and we have not made any dividends or distributions to our shareholders.
We intend to keep any future earnings to finance the expansion of our business, and we do not anticipate that any cash dividends will
be paid to shareholders in the foreseeable future. If any of PRC subsidiaries determine to distribute dividends, it need to transfer the
dividends to JX Hainan, JX Shenzhen and Baofu Technology in accordance with the laws and regulations of the PRC, and then JX Hainan will
transfer the dividends to JX Luxventure, and the dividends will be distributed from JX Luxventure Group Inc. to all shareholders respectively
in proportion to the shares they hold, regardless of whether the shareholders are U. S. investors or investors in other countries.

Under Marshall Islands law, the Company may
pay dividends on its shares out of either profit or share premium amounts, provided that in no circumstance may a dividend be paid if
such payment would result in the Company being unable to pay its debts as they become due in the ordinary course of business. If we decide
to pay dividends in the future, as a holding company, we will depend on receiving dividends from our PRC subsidiaries.

As a holding company, we may rely on dividends
and other distributions on equity paid by our PRC subsidiaries for our cash and financing requirements. The ability of our PRC subsidiaries
to distribute dividends is based upon its distributable earnings. Current PRC regulations permit our PRC operating subsidiaries to pay
dividends to their respective shareholders only out of their accumulated profits, if any, determined in accordance with PRC accounting
standards and regulations. Should our PRC subsidiaries incur debt on their own in the future, the instruments governing that debt may
restrict the ability to pay dividends or make other payments. To the extent our cash in the business is in the PRC/Hong Kong or PRC/Hong
Kong subsidiaries, the funds or assets may not be available to fund operations distribute dividends to our investors, or for other use
outside of the PRC/Hong Kong, due to interventions in or the imposition of restrictions and limitations on the ability of us, our subsidiaries
by the PRC government to transfer cash or assets.