Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 66

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 66
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 be stayed, there
can be no assurance of a positive outcome from an appeal of any delisting determination. Also, there can be no assurance that the market
price of our Common stock will remain in compliance with the Minimum Bid Price Requirement even if we effectuate another reverse stock
split.

If our Common Stock
is delisted from Nasdaq, we may become subject to the trading complications experienced by “ Penny Stocks” in the over-the-counter
market.

Delisting from Nasdaq
may cause our shares of Common Stock to become the SEC’s “penny stock” rules. The SEC generally defines a penny stock
as an equity security that has a market price of less than $5.00 per share or an exercise price of less than $5.00 per share, subject
to specific exemptions. One such exemption is to be listed on Nasdaq. The market price of our Common Stock is currently higher than $1.00
per share. However, because the daily trading volume in our Common Stock is very low, significant price movement can be caused by the
trading in a relatively small number of shares. Therefore, were we to be delisted from Nasdaq Capital Market, our Common Stock may become
subject to the SEC’s “penny stock” rules. These rules require, among other things, that any broker engaging in a purchase
or sale of our securities provide its customers with: (i) a risk disclosure document, (ii) disclosure of market quotations, if any, (iii)
disclosure of the compensation of the broker and its salespersons in the transaction and (iv) monthly account statements showing the market
values of our securities held in the customer’s accounts. A broker would be required to provide the bid and offer quotations and
compensation information before effecting the transaction. This information must be contained on the customer’s confirmation. Generally,
brokers are less willing to effect transactions in penny stocks due to these additional delivery requirements. These requirements may
make it more difficult for shareholders to purchase or sell our shares. Because the broker, not us, prepares this information, we would
not be able to assure that such information is accurate, complete or current.

The market price
of our Common Stock may be volatile or may decline regardless of our operating performance based on numerous factors, many of which are
beyond our control.

There are numerous additional
factors, many of which are beyond our control, that may cause the market price of our Common Stock to fluctuate significantly. These factors