Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 237

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 237
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  By December 31, 2027       3,515,628  
  By December 31, 2028       3,424,295  
  By December 31, 2029       1,311,083  
  Thereafter                         -  
  Total                     15,933,010  

The amortization of intangible assets during 2024 was $2,734,258.

F-32

  22.      TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAYMENTS  

                                                As at December 31,                                  
                                                              2024               2023               
 ────────────────────────────────────────────────────────────────────────────────────────────────────
  Trade receivables                                                     102                402,820  
  Bad debt provision for trade receivables                              -                  -        
                                                                        102                402,820  

                                                            As at December 31,                                            
                                                                          2024                      2023                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Other receivables                                                                    106,116                    64,423  
  Long-term receivable to be collected within 1 year *                                       -                 7,000,000  
  Prepayments                                                                       10,323,846                11,618,310  
                                                                                    10,429,962                18,682,733  

  On October 19, 2022, the Company entered into a stock purchase agreement with a Purchaser and closed the                             

The Purchaser
issued to the Company a5% promissory note in the principal amount of $10,000,000, in payment of the Purchase Price (the “ Note”).
The Note is payable in four installments, on the following dates and in the following amounts: (a) $1,000,000, together with an accrued
interest, is payable on or before November 19, 2022; (b) $2,000,000, together with an accrued interest, is payable on or before April
19, 2023; (c) $3,000,000, together with an accrued interest, is payable on or before April 19, 2024, and (d) the remaining $4,000,000,
together with an accrued interest, is payable on or before October 19, 2024.

As of April 15,
2024, the receivable balance of $