Company: JXG
Filing Date: 2025-04-24
Form Type: 6-K
Source: 0001213900-25-035093
Chunk: 2

Company: JX Luxventure Group Inc.
Filing Date: 2025-04-24
Form: 6-K
Chunk 2
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. Such conversion is subject to the following schedule: (i) up to 2,000 of the Series F Shares issued to each Holder
may be converted by such Holder at any time from the date of the issuance; (ii) up to additional 2,500 of the Series E Shares may be converted
by such Holder at any time after 90 days from the date of the issuance; (iii) up to additional 3,000 of the Series E Shares may be converted
by such Holder after six (6) months from the date of the issuance; and (iv) up to 4,000 of the Series F Shares may be converted by such
Holder after nine (9) months from the date of issuance. If any Series F Shares remain outstanding on or after one (1) year from the issuance,
the Company will have the right, but not the obligations, to require the Holder of such Series F 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 F Shares by 100. Holders
of Series F 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 F Share is convertible, have no special dividend rights, and ranks equally to our common stock
with respect to rights upon liquidation.

The transactions related to the issuance of the
New Huidan Note, the Assignee Notes, the Exchange Agreement and the issuance of the Series E Shares and shares of common stock issuable
upon conversion of Series E Shares (the “Conversion Shares”) were unanimously approved by the board of directors of the Company.
The transactions related to the issuance of Series F Shares and the Conversion Shares were approved by the holders of 65% of the capital
stock of the Company.

The issuance of the New Huidan Note and the
Assignee Notes described above were exempt from registration requirements under Section 4(a)(2) of the Securities Act of 1933, as
amended (the “Securities Act”), as transactions by an issuer not involving any public offering. The issuance of the
Series F Shares and the Conversion Shares will be exempt from registration requirements under Section 4(a)(2), Rule 506(b) of
Regulation D (“Regulation D”) and/or Regulation S, as promulgated by the Securities and Exchange Commission (the
“SEC”) thereunder.

The foregoing