Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 83

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 83
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Co., Ltd. (“ Hainan Travel”) was incorporated under PRC laws on August 9, 2023. On March 7, 2024, Hainan Travel became an indirect
wholly-owned subsidiary of Billion Place HK when Baofu Technology was acquired by Billion Place HK. It will be engaged in Airline Tickets
and Tourism Services business segment.

On April 15, 2024, JX Hainan acquired 100% share
capital of Tianjin Baoliting Intelligence Technology Co., Ltd (“ Baoliting”), a company incorporated under PRC laws on August
11, 2023 It became a wholly-owned subsidiary of and is engaged in software development and technology support services.

On May 31, 2024, Hefei Si Quan Run Hang International
travel agency Co., Ltd. (“ Hefei Travel”) was incorporated under PRC laws wholly-owned subsidiary of Baofu Technology. It is
engaged in Airline Tickets and Tourism Services business segment.

The Securities and Exchange Commission, or SEC,
maintains an Internet site that contains reports, proxy and information statements and other information regarding issuers that file electronically
with the SEC at http://www. sec. gov.

See “ Item
5. Operating and Financial Review and Prospects - B. Liquidity and Capital Resources - Capital ExpendituresOur web site address is http:// www. jxluxventure. com/en/. Information contained on, or that can be
accessed through, our website does not constitute a part of this Annual Report.

B. Business Overview

We are a holding company incorporated in Marshall
Islands that conducts substantially all of its business operations in China. Following the sale of our wholly-owned subsidiary, Hongri
International and its wholly-owned subsidiaries, through which the Company previously operated its menswear business, we divested our
menswear business and have consistently focused our business operations on the tourism sector and supplying related products, including
technology solutions, to business partners in China, both online and offline.

We believe
that the significant growth and success of our business operations since 2020 can be attributed to the high quality of our employees,
our ability to offer our business clientshigh-end travel products full range of services related to luxury tourism and supplemental
services to reduce their total cost of procurement andensuring that our clients receive
the high-quality professional assistance they need.

We operate in the following operating segments of business:

  Airline tickets and tourism services.  

  Software