Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 87

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 87
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 management
platform, which will utilize a Chatgpt-type technology.

On July 1, 2024, Jin Xuan (Hainan) Holding Co., Ltd. (“ JX
Hainan”) entered into and executed a Cooperation Agreement (the “ Agreement”) with Tianjin Zhongsheng United Automobile
Trading Co., Ltd. (“ Tianjin Auto Trading”). Pursuant to the terms of the Agreement, Tianjin Auto Trading is required to sell
high-end foreign luxury automobiles supplied by JX Hainan in the amount not less than USD100,000,000.

Competition

We face intense competition in the cross-border merchandise
and tourism industries from large suppliers and wholesalers of a broad range of services, including tourism and travel-related products.
These companies maintain or develop self-distribution systems for their businesses and have greater brand recognition and financial and
other resources than we do, which may make it more difficult for us to maintain or gain market share. We also face intense competition
from mass merchandisers and rapidly growing alternative retail channels, such as Internet-based retailers that offer a broad range of
products and services and home delivery services. Among our competitors are FASTENAL (NYSE:FAST), SYSCO (NYSE:SYY) and United Natural
Foods (NASDAQ: UNFI).

The primary competitive factors in the tourism
services and cross-border merchandise business include price, service level, product quality, variety, convenience, and consistency of
service, availability and other value-added services. Competitive strategies vary based on many factors, such as the competitor’s
format, strengths, weaknesses, pricing, and sales focus.

Our Revenue Model Business Segments

Airline Tickets and Tourism Services

We are a well-known supplier of airline tickets,
catering to the needs of our esteemed business customers. Our tourism products provide luxury travel experience packages, designed exclusively
for online platforms operated by our distinguished business clients. Our current roster of prominent partners includes industry frontrunners
such as 51book. com. We have successfully forged agreements with 37 airline operators within China, encompassing a significant portion
of the market.

We provide more compelling, bundled travel experience
packages that cater to a diverse range of our business customer needs, among which are travel packages that are designed exclusively for
online platforms operated by our distinguished business clients, to ensure seamless integration with their online platforms and streamlined
distribution to their end-users.

Our comprehensive process for curating these luxury
travel packages includes the following key steps:

  Tail