Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 168

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 168
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 share. Any action required or permitted to be taken at a meeting, may be taken without a meeting if a consent in writing setting
forth the action so taken, is signed by all the shareholders entitled to vote with respect to the subject matter thereof.

Dissenters’ Rights of Appraisal and
Payment.

Under the BCA, our stockholders have the right
to dissent from various corporate actions, including any merger or sale of all or substantially all of our assets not made in the usual
course of our business, and receive payment of the fair value of their shares. However, the right of a dissenting stockholder to receive
payment of the fair value of his or her shares shall not be available for any shares of stock of the constituent corporation surviving
a merger if the merger did not require for its approval the vote of the stockholders of the surviving corporation. In the event of any
further amendment of our articles of incorporation, a stockholder also has the right to dissent and receive payment for his or her shares
if the amendment alters certain rights in respect of those shares. The dissenting stockholder must follow the procedures set forth in
the BCA to receive payment. In the event that we and any dissenting stockholder fail to agree on a price for the shares, the BCA procedures
involve, among other things, the institution of proceedings in the circuit court in the judicial circuit in the Marshall Islands in which
our Marshall Islands office is situated. The value of the shares of the dissenting stockholder is fixed by the court after reference,
if the court so elects, to the recommendations of a court-appointed appraiser.

Stockholders’ Derivative Actions

Under the BCA, any of our stockholders may bring
an action in our name to procure a judgment in our favor, also known as a derivative action, provided that the stockholder bringing the
action is a holder of common stock both at the time the derivative action is commenced and at the time of the transaction to which the
action relates.

Indemnification of Officers and Directors

The BCA authorizes corporations to limit or eliminate
the personal liability of directors and officers to corporations and their stockholders for monetary damages for breaches of directors’
fiduciary duties. Our Restated Articles include a provision that eliminates the personal liability of directors for monetary damages for
actions taken as a director to the fullest extent permitted by law. We must indemnify our directors and officers to the fullest extent
authorized by law. We