Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 23

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 23
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 virus disease
(EVD), coronavirus disease 2019 (COVID-19), Middle East respiratory syndrome (MERS), severe acute respiratory syndrome (SARS), H1N1 flu,
H7N9 flu, and avian flu, as well as hurricanes, earthquakes, tsunamis, or other natural disasters could disrupt our business operations,
reduce or restrict our supply of products and services, incur significant costs to protect our employees and facilities, or result in
regional or global economic distress, which may materially and adversely affect our business, financial condition, and results of operations.
Actual or threatened war, terrorist activities, political unrest, civil strife, and other geopolitical uncertainty could have a similar
adverse effect on our business, financial condition, and results of operations. Any one or more of these events may impede our production
and delivery efforts and adversely affect our sales results, or even for a prolonged period of time, which could materially and adversely
affect our business, financial condition, and results of operations.

The COVID-19 pandemic adversely affected many
businesses in China, including the Company’s business, supply chain and workforce availability
across the world, leading to substantial declines in business activities that have negatively impacted and may continue to negatively
impact our business, financial condition and results of operations. The global spread of COVID-19 also affected our sales. This
growth in revenue, especially revenues from our tourism business, has been adversely impacted by COVID-19 pandemic at various times during
2021 because of government-enforced lockdowns.

Since
January 2023, the Chinese government has gradually lifted restrictions and quarantines that were imposed in response to the pandemic and
has completed lifted such restrictions and quarantines. We believe this has substantively reduced the risk of delay and other uncertainty
to our business operations, except that it may be more difficult for us to recruit foreign talent at least in the near future, because
such foreign talent may have left China and returned to their home country during the pandemic. It is also possible that if a future outbreak
occurs, the government will take similar actions which would adversely impact our business. In addition, the broader macro-economic implications
the pandemic, including reduced levels of economic growth and possibly a global recession, likely still exist and will likely impact our
future results of operations.

Our business is also
vulnerable to natural disasters, such as snowstorms, earthquakes, fires or floods, and other calamities, such as wars, acts of terrorism,