Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 70

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 70
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 the date of this
Annual Report, we have 4,040,952 shares of Common Stock outstanding. Many of these shares were either recently registered in the registration
statements on Form S-8 pursuant to our equity incentive plans or will become eligible for sale in the public market, subject to limitations
imposed by Rule 144 under the Securities Act. If the holders of these shares were to attempt to sell a substantial amount of their holdings
at once, the market price of our Common Stock could decline. Moreover, the perceived risk of this potential dilution could cause shareholders
to attempt to sell their shares and investors to short the Common Stock, a practice in which an investor sells shares that he or she does
not own at prevailing market prices, hoping to purchase shares later at a lower price to cover the sale. As each of these events would
cause the number of shares of our Common Stock being offered for sale to increase, the market price of our Common Stock would likely further
decline. All of these events could combine to make it very difficult for us to sell equity or equity-related securities in the future
at a time and price that we deem appropriate.

Provisions of our articles of incorporation may impede a takeover
or make it more difficult for shareholders to change the direction or management of the Company, which could reduce shareholders’
opportunity to influence management of the Company.

Our Amended and Restated Articles of Incorporation,
as amended (the “ Restated Articles”) permit our Board to issue up to five million shares of preferred stock with a par value
of $0.0001 (the “ Preferred Stock”) from time to time, with such rights and preferences as they consider appropriate. These
terms may include voting rights including the right to vote as a series on particular matters, preferences as to dividends and liquidation,
conversion rights and redemption rights provisions. The issuance of any preferred stock could reduce the value of our Common Stock. In
addition, specific rights granted to future holders of preferred stock, including voting rights and conversion rights, could be used to
restrict our ability to merge with, or sell assets to, a third party. As of the date of this Annual Report, the Company has created and
designated the following series of the Preferred Stock: (i) Series A Convertible Preferred Stock: (ii) Series B Participating Preferred
Stock; (iii) Series C Convertible Preferred Stock; (iv) Series D Convertible Preferred Stock, and (iv) Series E Convert