Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 68

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 68
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 pay dividends in
the future will be made at the discretion of our Board, and will depend on our results of operations, financial condition, contractual
restrictions, restrictions imposed by applicable laws, and other factors the Board deems relevant.

We have granted,
and may continue to grant, stock-based awards to Key Employees and Consultants, which will increase our share-based compensation and may
have an adverse effect on our results of operations.

In order to compete for talents, we may need to offer higher compensation
to our key and consultants, including granting awards under our current equity incentive plan, which may include the grant of shares of
restricted common stocks. We have adopted various equity incentive plans, including the 2018 Equity Incentive Plan, the 2022 Plan, and
the most recent, the New 2022 EIP, as amended. In addition, we granted a performance-based stock awards to our Chief Executive Officer,
Chief Financial Officer, co-chairwoman and director. We believe the granting of stock-based awards is important to our ability to attract
and retain key personnel and employees, and we will continue to grant share-based awards in the future. As a result, our expenses associated
with share-based compensation will increase, which may have an adverse effect on our results of operations.

During the fiscal year
ended December 2022, we provided a stock-based compensation to our key employees and by granting awards under our 2022 Plan and, upon
its termination, under the New 2022 EIP pursuant to registration statements on Form S-8. The issuance of such shares resulted in a deduction
in our profit although there is no cash paid out. However, such deduction in profit makes our financial performance looks less attractive
to the investor and cause difficulties to raise sufficient capital to support our business.

We are a “foreign
private issuer” and have disclosure obligations that are different than those of U. S. domestic reporting companies. Therefore, you
should not expect to receive the same information about us as a U. S. domestic reporting company may provide. Furthermore, we are permitted
to adopt certain home country practices in relation to corporate governance matters that differ significantly from the Nasdaq corporate
governance listing standards; these practices may afford less protection to stockholders than they would enjoy if we complied fully with
the Nasdaq corporate governance listing standards.

We are a foreign private
issuer. As a result, we are not subject to certain of the requirements imposed upon U. S. domestic issuers by