Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 245

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 245
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converted into10shares of the Company’s common stock without the payment or any additional consideration by the Holder thereof.
Such conversion is subject to the following schedule: (i) up to30% of the Series E Shares issued to each Holder may be converted by such
Holder at any time from the date of the issuance; (ii) up to additional30% of the Series E Shares counted on the date of the issuance
may be converted by such Holder at any time after 90 days from the date of the issuance; (iii) up to40% of the Series E Shares counted
on the date of the issuance may be converted by such Holder after six (6) months from the date of the issuance. If any Series E Shares
remain outstanding on or after March 14, 2025, the Company will have the right, but not the obligations, to require the Holder of such
Series E Shares to convert them into the number of fully paid and non-assessable shares of common stock as would result from multiplying
the number of Series E Shares by 10. Holders of Series E Shares vote together with holders of shares of common stock on a one-for-one
basis, without regard to the number of shares of common stock into which each Series E Share is convertible, have no special dividend
rights, and ranks equally to our common stock with respect to rights upon liquidation.

Holders of Series A, C, D and E Convertible
Preferred Stock converted certain preferred stock to common stock during 2021 and 2024. Following table shows the changes of the preferred
stock during 2023 and 2024:

  Changes                                                      -              -              -            -              -                   -              -  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  At December 31, 2022                                         1,240,000      1,240,000      150,000      1,500,000      80,000      1,470,000      5,860,000  
  At December 31, 2023                                         1,240,000      1,240,000      150,000      1,500,000      80,000      1,470,000      5,860,000  
  Issued                                                       -              -              -            -              -           1,000,000      3,000,000