Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 63

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 63
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 April 26, 2023, it did not regain compliance with the Minimum Bid
Requirement by April 24, 2023. On April 26, 2023, the Company requested a hearing after it received the determination letter from Nasdaq
Staff that it failed to regain compliance with the Minimum Bid Requirement. On May 23, 2023, Nasdaq Staff notified the Company that it
regained compliance with the Minimum Bid Requirement and that the hearing previously scheduled for May 25, 2023 (the hearing was related
to regaining compliance with the Minimum Bid Requirement) has been canceled. The Compliance Letter also stated that the Company is in
compliance with all applicable listing standards and that its stock will continue to be listed and traded on Nasdaq.

On December 27, 2024, the Company effected another
reverse stock split at the 1-for-4 ratio by filing an amendment to the Restated Articles in the Registry of Marshall Islands (the Company’s
Common Stock began trading on Nasdaq on a post-split basis on January 8, 2025). The Company effected this reverse stock to avoid potential
noncompliance with the Minimum Bid Price Requirement. However, we cannot ensure you that we will continue to comply with all requirements
for continued listing on the Nasdaq Capital Market in the future. If we fail to maintain these Nasdaq listing requirements, our Common
Stock will be delisted. If our Common Stock is no longer listed on The Nasdaq Capital Market, our shares would likely trade on the over-the-counter
market. If our shares were to trade on the over-the-counter market, selling our shares could be more difficult because smaller quantities
of shares would likely be bought and sold, transactions could be delayed, and security analysts’ coverage of us may be reduced.
In addition, in the event our shares are delisted, broker-dealers have certain regulatory burdens imposed upon them, which may discourage
broker-dealers from effecting transactions in our shares, further limiting the liquidity of our shares. These factors could result in
lower prices and larger spreads in the bid and ask prices for our shares. Such delisting from the Nasdaq Capital Market and continued
or further declines in our share price could also greatly impair our ability to raise additional necessary capital through equity or debt
financing, and could significantly increase the ownership dilution to shareholders caused by our issuing equity in financing or other
transactions.

If we need to effectuate another reverse stock split, the trading
price