Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 108

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 108
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 the qualification of High-tech
enterprises, such enterprises may apply for the entitlement of the preferential enterprise income tax treatment since the current year
beginning from the valid period approved by the accreditation. A High and New Technology Enterprise is entitled to a favorable statutory
tax rate of 15% and such enterprise should keep all statutory required relevant materials in case of future inspection. This qualification
is reassessed by relevant government authorities every three years.

According to the Notice on the Implementation
of Inclusive Tax Concessions for Small and Micro Enterprises which took effect on January 1, 2019, jointly issued by the Ministry of Finance
and the State Taxation Administration, for the portion of annual taxable income which does not exceed RMB1,000,000, the annual taxable
income shall be deducted to 25% and the income tax shall be calculated at the rate of 20%; for the portion of annual taxable income from
RMB1,000,000 to RMB3,000,000, the taxable income shall be deducted to 50% and the income tax shall be calculated at the rate of 20%, for
the period from January 1, 2019 to December 31, 2021. The above-mentioned small and micro-enterprises refer to those enterprises that
are engaged in industries not restricted or prohibited by the state and meet certain conditions, including annual taxable income not exceeding
RMB3,000,000, number of employees not exceeding 300, and total assets not exceeding RMB50,000,000. In 2021, the Ministry of Finance and
State Taxation Administration issued the Notice on the Implementation of Preferential Income Tax for Small and Micro Enterprises and Individual
Entrepreneurs, which provides a 50% reduction in corporate income tax for small and micro enterprises with annual taxable income not exceeding
RMB1,000,000, on top of the preferential policies stipulated in the Notice on the Implementation of Inclusive Tax Concessions for Small
and Micro Enterprises, for the period from January 1, 2021 to December 31, 2022. In 2022, the Ministry of Finance and the State Taxation
Administration issued the Notice on the Further Implementation of Preferential Income Tax for Small and Micro Enterprises, according to
which the annual taxable income shall be deducted to 25% and the income tax shall be calculated at the rate of 20% for small and micro
enterprises with annual taxable income from R