Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 126

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 126
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 include raising
funds through public or private equity markets and either from institutional or retail investors. Although there is no assurance that,
if needed, the Company will be successful with its fundraising initiatives, management believes that the Company will be able to secure
the necessary financing.

Given the above, the accompanying consolidated financial statements
have been prepared assuming the Company will continue as a going concern.

The following table provides detailed information about our net cash
flow for all financial statement periods presented in this report:

                                                            Fiscal Year Ended December 31,                                                                        
                                                            2024                                                 2023                      2022                   
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash provided by (used in) operating activities       $                                     7,708,626      $         (4,519,037      $          (4,957,411  
  Net cash provided by (used in) investing activities                                           (12,011,122                 2,625,599                 (9,443,746  
  Net cash provided by financing activities                                                       5,140,029                 1,873,479                  2,220,098  
  Net increase (decrease) in cash and cash equivalents                                              837,533                   (19,959                (12,181,059  
  Effects of exchange rate change in cash                                                           (60,388                   (93,647                   (212,939  
  Cash and cash equivalents at beginning of the period                                              407,311                   520,916                 12,914,914  
  Cash and cash equivalent at end of the period             $                                     1,184,456      $            407,310      $             520,916  

Operating Activities

The net cash provided by operating activities consists of profit before
tax, as adjusted by finance costs, change in fair value of warrant liabilities, interest income, shared based compensation, bad debt allowance,
depreciation of property, plant and equipment, amortization of prepaid lease payment and trademark, amortization of subsidies prepaid
to distributors, amortization of prepayment and premiums under operating leases, provision(Reversal) of inventory obsolescence, provision
of impairment loss in prepayments, loss(gain) on disposal of property, plant and equipment, deferred income tax, which include trade and
other receivables, prepayment and deferred expenses, inventory, trade and other payables.

Net cash provided by operating activities