Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 11

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 11
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 products,
customer services or other public relation incidents of us, which may adversely affect our reputation, brand loyalty and consequently
affect the operation of our business. Any such negative publicity, regardless of its veracity, could result in the expenditure of funds
and management time and may have a material and adverse effect on our reputation, our business and the trading price of our shares.

Moreover, negative publicity
concerning us and our business, shareholders, affiliates, directors, officers, employees, agents, other business partners and the industry
in which we operate can harm our brand and reputation, regardless of its accuracy. Negative publicity concerning these parties could be
related to a wide variety of matters, including, but are not limited to:

  alleged misconducts or other improper activities committed by our directors, officers, employees, agents and other business partners;  

  false or malicious allegations or rumors about us or our directors, shareholders, affiliates, officers, employees and other business partners;  

  complaints from our business customers about our products and services;  

  employment-related claims relating to employment discrimination, working hours violation, tax, wage or pension matters;  

  governmental and regulatory investigations, penalties or claims resulting from misconduct of our business partners,  

  or our failure to comply with applicable laws and regulations;  

  negative publicity and claims asserted against our brand partners, especially any product quality issues of our  

  brand partners’ products; and  

  negative publicity of the industry in which we operate, including, but not limited to, bankruptcy and cessation of business operations of any of our major competitors.  

If we fail to anticipate
and respond to changing business customer preferences and shifts in market trends in a timely manner, our business and operating results
could be harmed.

Our success largely depends
on our ability to consistently gauge business customers’ tastes and market trends, provide a balanced assortment of merchandise
and source brands that satisfies business customer demands in a timely manner. Our failure to anticipate, identify or react appropriately
and timely to changes in business customer preferences, tastes and market trends or economic conditions could lead to, among other things,
missed opportunities, excess inventory or inventory shortages, markdowns and write-offs, all of which could negatively impact our profitability.
In addition, failure to respond to changing business customer preferences and trends in brand could negatively impact our brand image
with our business customers and result in diminished brand loyalty, and thus harm the prospects of our business.

We had a concentration of major customers
during the year ended December 31,