Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 95

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 95
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 enterprises shall report investment information to competent commerce departments
of the government through the enterprise registration system and the enterprise credit information publicity system, and the administration
for market regulation shall forward the above investment information to the competent commerce departments in a timely manner. In addition,
the Ministry of Commerce shall set up a foreign investment information reporting system to receive and handle the investment information
and inter-departmentally shared information forwarded by the administration for market regulation in a timely manner. The foreign investors
or foreign-invested enterprises shall report the investment information by submitting reports including initial reports, change reports,
deregistration reports and annual reports.

REGULATIONS RELATING TO OVERSEAS LISTING

On August 8, 2006, six PRC regulatory agencies,
including the China Securities Regulatory Commission (the “ CSRC”), promulgated the Rules on the Merger and Acquisition of
Domestic Enterprises by Foreign Investors (the “ M& A Rules”), which took effect on September 6, 2006 and was amended on
June 22, 2009. The M& A Rules, among other things, requires offshore special purpose vehicles formed for overseas listing purposes
through acquisitions of PRC domestic companies and controlled by PRC domestic enterprises or individuals to obtain the approval of the
CSRC prior to the listing and trading of such special purpose vehicle’s securities on an overseas stock exchange. In September 2006,
the CSRC published on its official website procedures regarding its approval of overseas listings by special purpose vehicles.

On July 6, 2021, the State Council and General
Office of the CPC Central Committee issued Opinions on Strictly Cracking Down Illegal Securities Activities in Accordance with the Law.
The opinions emphasize the need to strengthen the administration over illegal securities activities and the supervision on overseas listings
by China-based companies and proposed to take effective measures, such as promoting the construction of relevant regulatory systems to
deal with the risks and incidents faced by China-based overseas-listed companies.

On February 17, 2023, the CSRC promulgated the
Trial Administrative Measures of the Overseas Securities Offering and Listing by Domestic companies (the “ Overseas Listing Trial
Measures”) and relevant five guidelines, which will become effective on March 31, 2023. The Overseas Listing Trial Measures will
comprehensively improve and reform the existing regulatory regime for overseas securities offering and listing of PRC domestic companies
by adopting a filing-based regulatory regime. According to the Overseas Listing Trial Measures, PRC