Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 149

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 149
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 “ New 2022 EIP”).

Purpose. The purposes of the New 2022 EIP
are to promote the long-term growth and profitability of the Company and its affiliates by stimulating the efforts of employees, directors
and consultants of the Company and its affiliates who are selected to be participants, aligning the long-term interests of participants
with those of shareholders, heightening the desire of participants to continue in working toward and contributing to our success, attracting
and retaining the best available personnel for positions of substantial responsibility, and generally providing additional incentive for
them to promote the success of our business through the grant of awards of or pertaining to our Common Stock. The New 2022 EIP permits
the grant of ISOs, NSOs, Restricted Shares, Restricted Share Units, Share Appreciation Rights, Performance Units and Performance Shares
as the administrator of the New 2022 EIP may determine.

Administration. The New 2022 EIP is administered
by our Board. The administrator has the authority to determine the specific terms and conditions of all awards granted under the New 2022
EIP, including, without limitation, the number of shares of common stock subject to each award, the price to be paid for the shares and
the applicable vesting criteria. The administrator has the discretion to make all other determinations necessary or advisable for the
administration of the New 2022 EIP.

Eligibility. NSOs, Restricted Shares, Restricted
Share Units, Share Appreciation Rights, Performance Units and Performance Shares may be granted to employees, directors or consultants
either alone or in combination with any other awards. ISOs may be granted only to employees of the Company, and of any parent or subsidiary.

Shares
Available for Issuance Under the New 2022 EIP. Subject to adjustment as described below,
(a) the maximum aggregate number of shares that may be issued under the New 2022 EIP is 25,000,000
shares of Common Stock, (b) to the extent consistent with Section 422 of the Internal Revenue
Code of 1986, as amended (the “ Code”), Subject to the certain provisions of the
New 2022 EIP, including but not limited to, the reorganizations, combinations, mergers, to
the extent consistent with Section 422 of the Code, up to an aggregate of 1,000,000 shares
may be issued as ISOs under the New 2022 EIP; only employees of the Company or