Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 38

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 38
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 and there is no assurance
that we will be able to fully absorb or mitigate the negative financial impacts resulting from increased costs driven by both general
inflation and these tariffs. We engage in cross border merchandise and tourism business and conduct substantially all of our operations
in China; therefore, any deterioration of the PRC economy, decrease in disposable income and fear of a recession may lead to reductions
of customers’ demand and their spending on fashion products with us.

The Chinese government may exercise significant
oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result
in a material change in our operations and/or the value of our securities, could significantly limit or completely hinder our ability
to offer or continue to offer securities to investors and cause the value of our securities to significantly decline or be worthless.

As a company that conducts substantially of its
business operations in China, we are subject to the laws and regulations of the PRC, which can be complex and evolve rapidly, and to risks
associated with complying with these laws and regulations. The PRC government has the power to exercise significant oversight and
discretion over the conduct of our business, and the regulations to which we are subject may change rapidly and with little notice to
us or our shareholders. As a result, the application, interpretation, and enforcement of new and existing laws and regulations in the
PRC are often uncertain. In addition, these laws and regulations may be interpreted and applied inconsistently by different agencies or
authorities, and inconsistently with our current policies and practices. New laws, regulations, and other government directives in the
PRC may also be costly to comply with, and such compliance or any associated inquiries or investigations or any other government actions
may:

  Delay                       

  Result                                                  
  in negative publicity or increase our operating costs,  
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  Require                                         

  Subject                                                                                                                                      
  us to remedies, administrative penalties and even criminal liabilities that may harm our business, including fines assessed for our current  
  or historical operations, or demands or orders that we modify or even cease our business practices.                                          
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The promulgation of new laws or regulations, or
the new interpretation of existing laws and regulations, in each case that restrict or otherwise unfavorably impact the ability or manner
in which we conduct our business and could require