Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 215

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 215
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 authorized share capital of HK$10,000divided into10,000ordinary shares with HK$1parvalue. One ordinary share has been issued at par. Vast Billion is an investment holding
company, and is a directly wholly owned subsidiary of Hongri.

Hongri (Fujian) Sports Goods Co. Ltd.
(“ Hongri Fujian”) was established in the People’s Republic of China (the “ PRC”) on November 17, 2005 with
a registered and paid up capital of RMB5,000,000. On March 24, 2011, Hongri Fujian increased registered capital from RMB70,000,000to
RMB75,000,000. As of September 30, 2011, the paid up capital was RMB39,551,860. Hongri Fujian is engaged in the design, manufacture,
marketing, and sale of apparel in the PRC. Hongri Fujian is a directly wholly owned subsidiary of Vast Billion.

F-7

Anhui Kai Xin Apparel Company Limited
(“ Anhui Kai Xin”) was established in the PRC on March 16, 2011 with a registered and paid up capital of RMB1,000,000. Anhui
Kai Xin is a wholly owned subsidiary of Hongri Fujian. Anhui Kai Xin provides contracting manufacturing services for companies in the
sports apparel business.

On October 19, 2022, the Company sold
Hongri International Holding Limited to third party and from thereon, Hongri, France Cock, Roller Rome, Vast Billion, Hongri Fujian, Anhui
Kai Xin are no longer the subsidiaries of the Company.

Flower Crown Holding (“ Flower Crown”) is a company incorporated
on August 7, 2020 in the Cayman Islands. It has 50,000 shares issued and outstanding with a par value of $1. It is wholly owned by JX
Luxventure Group Inc.

Flower Crown (China) Holding Group Co.,
Limited (“ Flower Crown HK”) was incorporated in Hong Kong on May 24, 2018. It has a total of 10,000 shares issued and outstanding
with a par value of $1. It is wholly owned by Flower Crown Holding.

Jin Xuan (Hainan) Holding Co., Ltd (“ JX
Hainan”) was incorporated in November 11, 2021. It has a registered capital