Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 208

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 208
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 Lei                    
                          Sun Lei                        

JX Luxventure Group Inc.

Consolidated Financial Statements

For the years ended December 31, 2024, 2023, 2022

(Stated in US dollars)

CONTENTS

                                                                             PAGES       
  REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                    F-2         
  CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)      F-3         
  CONSOLIDATED STATEMENTS OF FINANCIAL POSITION                              F-4         
  CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY                               F-5         
  CONSOLIDATED STATEMENTS OF CASH FLOWS                                      F-6         
  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS                             F-7 - F-43  

F-1

Report of Independent Registered Public Accounting
Firm

To the shareholders and the board of directors
of JX Luxventure Group Inc. (Formerly known as JX Luxventure Limited)

Opinion on the Financial Statements

We have audited the accompanying consolidated
statements of financial position of JX Luxventure Group Inc. and its subsidiaries (collectively, the “ Company”) as of December
31, 2024 and 2023, the related consolidated statements of operations and comprehensive income/(loss), changes in equity, and cash flows
for each of the three years in the period ended December 31, 2024, and the related notes to the consolidated financial statements and
schedule (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly,
in all material respects, the consolidated financial position of the Company as of December 31, 2024 and 2023, and the consolidated results
of its operations and its cash flows cash flows for each of the three years in the period ended December 31, 2024, in conformity with
International Financial Reporting Standards as issued by the International Accounting Standards Board.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (the “ PCAOB”)
and are required to be independent with respect to the Company in accordance with the United States federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted