Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 75

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 75
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, by unanimous
written consent, in accordance with the Company’s Bylaws and the terms of the 2018 Equity Incentive Plan, and the BCA,
terminated the Company’s 2018 Equity Incentive Plan and adopted the 2022 JX Luxventure Equity Incentive Plan (the “2022
Plan”), which provides for up to 250,000 shares of our Common Stock that may be issued under the 2022 Plan. The 2022 Plan was
approved by the holders of 60.4% of the total issued and outstanding capital stock of the Company on the same day. Between February
12, 2022, and October 25, 2022, the Company issued all of the 250,000 shares of Common Stock available for issuance under the 2022
Plan.

On April 25, 2022, the Company filed the Certificates
of Designation with the Registrar of Corporations under the Company’s former name, KBS Fashion Group Limited (except for the Certificate
of Designation of Series D Preferred), and on April 27, 2022, the Company filed with the Registrar of Corporations the First Amended and
Restated Certificate of Designation of Series A Preferred, the Amended and Restated Certificate of Designation of Series B Participating,
the Amended and Restated Certificate of Designation of Series C Preferred, and the Amended and Restated Certificate of Designation of
Series D Preferred, reflecting the Company’s name “ JX Luxventure Limited” and restating all provisions set forth in
the Certificates of Designation of Preferred Stock.

On May 10, 2022, the Company filed the Second
Amended and Restated Certificate of Designation of Series A Preferred, which amended the timing of the conversion of Series A Preferred
into Common Stock and restated all other provisions set forth in the First Amended and Restated Certificate of Designation of Series A
Preferred.

On May 22, 2022, the Board granted 25,000 shares
of the Company’s Common Stock to Sun Lei pursuant to the employment agreement between the Company and Sun Lei dated June 22, 2021
(the “2021 Employment Agreement”).

On June 22, 2022, the
Board authorized a share repurchase program of up to US$5,000,000 of the Company’s common stock from time to time during a 12-month
period by Mr. Lei, our