Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 27

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 27
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 employee benefit laws. If a lawsuit or governmental proceeding against us is successful, we may be required to
pay substantial damages or fines. We might also be involved in governmental investigations of our business operation in the future. Any
claims against us, with or without merit, could be time-consuming and costly to defend or litigate, divert our management’s attention
and resources or harm our brand equity. If a lawsuit or governmental proceeding against us is successful, we may be required to pay substantial
damages or fines. We may also lose, or be limited in, the rights to offer some of our content, products and services or be required to
make changes to our content offerings or business model. As a result, the scope of our content, product and service offerings could be
reduced, which could adversely affect our ability to attract new business customers, harm our reputation and have a material adverse effect
on our business, financial condition and results of operations.

Imposition of trade
barriers and taxes may reduce our ability to do business internationally, and the resulting loss of revenue could harm our profitability.

We may experience barriers
to conducting business in the form of delayed customs clearances, customs duties and tariffs. In addition, we may be subject to repatriation
taxes levied upon the exchange of income from local currency into foreign currency, substantial taxes on profits, revenues, assets and
payroll, as well as value-added tax. The markets in which we plan to operate may impose onerous and unpredictable duties, tariffs and
taxes on our business and products, and there can be no assurance that this will not reduce the level of sales that we achieve in such
markets, which would reduce our revenues and profits.

We may expand our
business through acquisitions, investments or strategic alliances in the future, but we might not be able to successfully pursue synergy
from acquisitions or to achieve the benefits we expect from recent and future investments, strategic alliances and acquisitions.

We may form strategic
alliances or make strategic investments and acquisitions from time to time to complement and enhance our existing business. We may experience
difficulties in integrating our operations with the newly invested or acquired businesses, implementing our strategies or achieving expected
levels of revenues, profitability, productivity or other benefits. Moreover, if the businesses we acquire or invest in or our strategic
alliances or partnerships do not subsequently generate the anticipated financial performance or if any goodwill impairment test triggering
event occurs, we may need to revalue or write down the value of goodwill