Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 167

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 167
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 elected and qualified, except in the event of his/her death, resignation, removal or the earlier termination of his/her term
of office.

Any director or the entire Board of Directors
may be removed at any time, with or without cause, by the affirmative vote of the holders of at least a majority of the total voting power
of the Voting Stock entitled to vote thereon or with cause by directors constituting at least two-thirds of the entire Board.

Vacancies in the Board of Directors occurring
by death, resignation, the creation of new directorships, the failure of the shareholders to elect the whole board at any annual election
of directors, or, except as herein provided, for any other reason, including removal of directors for cause, may be filled either by the
affirmative vote of a majority of the remaining directors then in office, although less than a quorum, at any special meeting called for
that purpose or at any regular meeting of the Board. Vacancies occurring by removal of directors without cause may be filled only by vote
of the shareholders.

Shareholder Meetings

Annual stockholder meetings will be held at a
time and place selected by our board of directors. The meetings may be held in or outside of the Marshall Islands. Under our Restated
Articles, special meetings may be called by the board of directors, or by the secretary of the Company requested by stockholders representing
certain amount of voting power. Our board of directors shall give not less than 15 days and not more than 60 days prior written notice
of a shareholders’ meeting to each shareholder of record entitled to vote thereat and to each shareholder of record who, by reason
of any action proposed at such meeting would be entitled to have his/her shares appraised if such action were taken, and the notice shall
include a statement of that purpose and to that effect.

Our bylaws provide that a meeting of shareholders
is duly constituted if, at the commencement of the meeting, there are shareholders present in person or by proxy representing not less
than a majority of the votes of the shares issued and outstanding and entitled to vote on resolutions of shareholders to be considered
at the meeting.

If a quorum is present, the affirmative vote of
a majority of the shares of stock represented at the meeting will be the act of the shareholders. At any meeting of shareholders, each
shareholder entitled to vote any shares on any manner to be voted upon at such meeting shall be entitled to one vote on such matter for
each such