Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 132

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 132
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 unable to develop competitive new products and service offerings our future results of operations could be adversely affected,”
 - “ If we are unable to keep pace with the rapid technological changes in our industry, demand for our products and services
could decline which would adversely affect our revenue,” and - “ Our technology may become obsolete which could materially
adversely affect our ability to sell our products and services.” For a detailed analysis of research and development costs, see
Item 5. A. “ Operating Results - Results of Operations - Research and development expenses”.

D. Trend Information

Other than as disclosed elsewhere in this annual report, we are not
aware of any trends, uncertainties, demands, commitments or events for the year ended December 31, 2021 that are reasonably likely to
have a material adverse effect on our net revenues, income, profitability, liquidity or capital resources, or that would cause the disclosed
financial information to be not necessarily indicative of future operating results or financial conditions.

E. Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition, changes in financial condition, sales or expenses, results
of operations, liquidity or capital expenditures, or capital resources that are material to an investment in our securities.

F. Tabular Disclosure of Contractual Obligations

We have no other material long-term debt, capital or operating lease
or fixed purchase obligations.

Holding Company Structure

JX Luxventure Group Inc. is our holding company which has no material
operations of its own. We conduct all our operations through our operating subsidiaries in China. As a result, the Company’s ability
to pay dividends depends largely upon dividends paid by our PRC subsidiaries. If our existing PRC subsidiaries incur debt on their own
behalf in the future, the instruments governing their debt may restrict their ability to pay dividends to us. In addition, our subsidiaries
in China are permitted to pay dividends to us only out of their retained earnings, if any, as determined in accordance with PRC accounting
standards and regulations. Under PRC law, each of our subsidiaries in China are required to set aside at least 10% of its after-tax profits
each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital. In addition,
our subsidiaries in China may allocate a portion of its after-tax profits based on PRC accounting standards to enterprise expansion