Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 97

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 97
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shareholder(s) or by other shareholder(s) that are controlled by the controlling shareholder(s) and/or actual controller.

At a press conference held for these new regulations,
officials from the CSRC clarified that the domestic companies that have already been listed overseas before the effective date of the
Overseas Listing Trial Measures (i. e. March 31, 2023) shall be deemed as existing issuers, or the Existing Issuers. Existing Issuers are
not required to complete the filling procedures immediately, and they shall be required to file with the CSRC when subsequent matters
such as refinancing are involved. Furthermore, according to the officials from the CSRC, domestic companies that have obtained approval
from overseas regulatory authorities or securities exchanges (for example, a contemplated offering and/or listing on the U. S. stock exchange
has been declared effective) for their indirect overseas offering and listing prior to the effective date of the Overseas Listing Trial
Measures (i. e. March 31, 2023) but have not yet completed their indirect overseas issuance and listing, are granted a six-month transition
period from March 31, 2023. Those who complete their overseas offering and listing within such six months are deemed as Existing Issuers.
Within such six-month transition period, however, if such domestic companies need to reapply for offering and listing procedures to the
overseas regulatory authority or securities exchanges, or if they fail to complete their indirect overseas issuance and listing, such
domestic companies shall complete the filling procedures with the CSRC.

According to the Overseas Listing Trail Measures,
where a PRC domestic company fails to fulfill filing procedure in respect of its overseas offering and listing, the CSRC may order rectification,
issue warnings to such PRC domestic company, and impose a fine ranging from RMB1,000,000 to RMB10,000,000. Also the directly responsible
person-in-charge and other directly responsible persons of such PRC domestic company may be warned and imposed a fine up to RMB 5,000,000,
and the controlling shareholders and the actual controllers of such PRC domestic company that organize or instruct the aforementioned
violations shall be imposed a fine up to RMB10,000,000. Further, if the PRC domestic company that is not an Existing Issuer fails to fulfill
the required filing procedure, such an issuer may ultimately be forced to delist its securities that have already been listed. In addition,
since the Overse