Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 12

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 12
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2024 and if our existing major customers cease to engage our services, we may be unable to find new
customers with similar attributable revenue within a reasonable time or at all.

The percentage of our revenue attributable to our largest customer,
Hefei Liantuo Tianji E-commence Corporation Ltd., an online airline tickets agency company, amounted to $21,003,414, or 42%, for the year
ended December 31, 2024 and $23,621,588, or 74%, for the year ended December 31, 2023. We depend on this customer and several other major
customers. Because of the competitive nature of our business operations, the contractual arrangements with this and other major customers
are based on short-term projects which may be terminated at will by each party. If our existing major customers cease to engage our services,
we may be unable to find new customers with similar attributable revenue within a reasonable time or at all.

Our product supply
chain is essential to our business and is subject to risks associated with demand forecasting, timely supplying and warehousing, as well
as maintaining relationships with our suppliers.

We largely depend on
our supply chain management capabilities to minimize our inventory risks, maintain our short turnaround time and improve our operational
efficiency. However, our demand forecast may not be accurate, which could result in inventory write-offs or inventory shortages. Even
if we can make accurate demand forecasts, our product supply chain may not be able to meet our demand on a timely basis due to unexpected
reasons. In addition, warehouses that we operate may not have sufficient capacity to process orders efficiently.

Our product supply chain
is also largely dependent on our relationship with our product suppliers. We cannot assure you that our current product suppliers will
continue to sell products or provide services to us on commercially acceptable terms, or at all, after the current term of the agreement
expires. If our suppliers cease to transact with us on favorable payment terms or deliver production in a timely manner as agreed under
the contract terms, our operations may be materially and adversely affected.

Although we believe our
supply chain has the capacity to support our current operation, we cannot guarantee our supply chain will be adequate to support our expanded
business in the future. Thus, if we fail to manage our supply chain in line with our business expansion, our business, prospects, financial
condition and results of operations may suffer.

If we fail to develop,
upgrade and apply our technologies to support and expand our business, our business may