Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 3

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 3
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 to offer shares of our Common Stock and/or other securities to investors and cause the value of such securities to
significantly decline or be worthless.

Recent statements by the Chinese government
have indicated its intent to exert more oversight and control over offerings that are conducted overseas and/or foreign investments
in China-based issuers, which could significantly limit or completely hinder our ability to offer or continue to offer securities to
investors and cause the value of our securities to significantly decline or be worthless. Changes in China’s economic,
political or social conditions, or government policies could materially and adversely affect our business, financial condition, and
results of operations. For a detailed description of risks related to doing business in China, see“ Summary of Risk
Factors”beginning on page 6 and “Risk Factors - Risks Related to Doing Business in China”
beginning on page 23 for more information.

Holding Foreign Companies
Accountable Act

The Holding Foreign Companies Accountable Act (“ HFCAA”)
enacted in December 2020, together with a recent joint statement by the United States Securities and Exchange Commission (“ SEC”)
and the Public Company Accounting Oversight Board “(PCAOB”) call for additional stringent criteria to be applied to emerging
market companies by assessing the qualification of non-U. S. auditors who are not inspected by the PCAOB. Under the HFCAA, the SEC is required
to identify public companies that have retained a registered public accounting firm to issue an audit report where the firm has a branch
or office that: (1) is located in a foreign jurisdiction, and PCAOB”) has determined that it is unable to inspect or investigate
completely because of a position taken by an authority in the foreign jurisdiction. Under the HFCAA, our securities may be prohibited
from trading on The Nasdaq Market LLC (“ Nasdaq”) or other U. S. stock exchanges if our auditor is not subject to inspection
by the PCAOB for three consecutive years, and this ultimately could result in our Ordinary Shares being delisted from trading on any U. S.
stock exchange. On December 29, 2022, the Accelerating Holding Foreign Companies Accountable Act (“ AHFCAA”) was enacted, as
part of the omnibus spending bill which amended the HFCAA, reducing the time period under the HFCAA to two consecutive years instead of
three consecutive years.

Pursuant to the HFCAA,
the PCAOB issued a Determination Report on December 16, 2021 (the “2021