Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 127

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 127
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 in fiscal year 2024 was $7.7
million, compared with net cash used in operating activities of $4.5 million in the year ended December 31, 2023. The cash inflow in 2024
is mainly resulted from net profit of $3.1 million, depreciation and amortization of $3.0 million and other non-cash expenses or losses
of $0.3 million, decrease of trade and other receivables of $1.4 million, and increase of tax payable of $0.7 million by netting off decrease
of trade and other payables of $0.7 million.

Net cash used in operating activities in fiscal year 2023 was $4.5
million, compared with net cash used in operating activities of $5.0 million in the year ended December 31, 2022. The cash outflow in
2023 is mainly resulted from increase of trade and other receivables of $9.8 million, by netting off profit of the year of $3.0 million,
increase of trade and other payables of $1.2 million, decrease of inventories of $0.4 million, loss on disposal of subsidiaries of $0.3
million and other working capital changes effects.

Investing Activities

Net cash used in investing activities in fiscal year 2024 was $12.0
million, compared with $2.6 million net cash provided by investing activities in 2023. The net cash used in investing activities in 2024
mainly resulted from cash used to purchase intangible assets of $11.9 million, and cash used to purchase plant and equipment of $0.4 million,
offset by cash proceeds on disposal of property and equipment of $0.2 million.

Net cash provided by investing activities in fiscal year 2023 was $2.6
million, compared with $9.4 million net cash used in investing activities in 2022. The net cash used in investing activities in 2023 mainly
resulted from proceeds from long-term receivable of $3.0 million, by netting off cash decreased due to disposal of discontinued operations
of $0.4 million.

Financing Activities

Net cash generated from financing activities in fiscal year 2024 was
$5.2 million, compared with $1.8 million net cash generated in financing activities in 2023.

Net cash generated from financing activities in 2024
mainly represents