Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 182

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 182
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 is described in the first bullet point above may also be subject
to the branch profits tax described above at a 30% rate or lower rate provided by an applicable income tax treaty. Individual non-U. S.
holders described in the second bullet point above will be subject to a flat 30% U. S. federal income tax rate on the gain derived from
the sale, which may be offset by U. S.-source capital losses, even though such non-U. S. holders are not considered to be residents of the
United States.

A corporation will be a USRPHC if the fair market
value of its U. S. real property interests equals or exceeds 50 percent of the aggregate of its real property interests (U. S. and non-U. S.)
and its assets used or held for use in a trade or business. Because we do not currently own significant U. S. real property, we believe
that we are not currently and will not become a USRPHC. However, because the determination of whether we are a USRPHC depends on the fair
market value of our U. S. real property relative to the fair market value of our other business assets, there can be no assurance that
we will not become a USRPHC in the future. Even if we become a USRPHC, however, as long as our common stock are regularly traded on an
established securities market, such common stock will be treated as U. S. real property interests only if a non-U. S. holder actually or
constructively holds more than 5% of such regularly traded common stock at any time during the applicable period that is specified in
the Code.

Foreign Account Tax Compliance

The Foreign Account Tax Compliance provisions
of the Hiring Incentives to Restore Employment Act (generally referred to as “ FATCA”), when applicable, will impose a U. S.
federal withholding tax of 30% on payments of dividends on, and (for dispositions after December 31, 2018) gross proceeds from dispositions
of, our common stock that are held through “foreign financial institutions” (which is broadly defined for this purpose and
in general includes investment vehicles) and certain other non-U. S. entities unless various U. S. information reporting and due diligence
requirements (generally relating to ownership by U. S. persons of certain interests in or accounts with those entities) have been satisfied
or an exemption applies. An inter