Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 72

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 72
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ITEM 4. INFORMATION ON THE COMPANY

A. History and Development of the Company

We are a Republic of the Marshall Islands company
incorporated under the Marshall Islands Business Corporations Act (“ BDA”) on January 26, 2012. We were originally organized
under the name “ Acquisition Corp.” for the purpose of acquiring through a merger, capital stock exchange, asset acquisition,
stock purchase, or similar acquisition transaction, one or more operating businesses or assets.

The address of the Company’s principal executive
office is Bin Hai Da Dao No. 270, Lang Qin Wan Guo Ji Du Jia Cun Zong He Lou, Xiu Ying District, Haikou City, Hainan Province 570100,
People’s Republic of China.

On March 24, 2014, we entered into a share exchange
agreement and plan of liquidation (the “ Exchange Agreement”), as amended on June 21, 2014, with KBS International Holding
Inc., (“ KBS International”), Hongri International Holdings Limited (“ Hongri International”), a then wholly owned
subsidiary of KBS International and Cheung So Wa and Chan Sun Keung, each an individual and shareholder of KBS International. At the closing
of the transactions contemplated in the Exchange Agreement, occurred on August 1, 2014, we acquired 100% of the issued and outstanding
equity interest in Hongri International from KBS International. Pursuant to the Exchange Agreement, KBS International was liquidated and
dissolved in August 2014 and the shares of Common Stock of the Company were distributed to each shareholder of KBS International according
to their respective ownership of KBS International.

On October 31, 2014, we amended our Articles of
Incorporation to change our name to KBS Fashion Group Limited.

On February 3, 2017, the Company effected a one-for-fifteen
reverse stock split of the Company’s issued and outstanding Common Stock. Our Common Stock began trading on Nasdaq on a split-adjusted
basis when the market opened on February 9, 2017.

On December 9, 2020, we entered into a Share Exchange
Agreement with Flower Crown Holding, a corporation organized under the laws of the Cayman Islands (the “ Flower Crown”), and
the shareholders of Flower Crown (each a “ FC Shareholder” and collectively the “ FC Shareholders”), to acquire
all the issued and outstanding ordinary