Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 148

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 148
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 a group is as follows:

  Directors and Executives      Shares                 Total  
                                issued          compensation  
                                            (including cash)  
 ──────────────────────────────────────────────────────────────
  Sun Lei                       25,000             2,280,000  
  Huidan Li                      2,500               228,000  
  Ruifeng Mu                     2,500               228,000  
  Jin Yan                        2,500               228,000  

Equity Incentive Plans

On December 24, 2018, the Board of Directors of
the Company adopted the 2018 Equity Incentive Plan, or the 2018 Plan, for up to fifty thousand (50,000) shares of Common Stock as equity
incentives to its directors, employees and consultants.

2022 Equity Incentive Plan

On January 11, 2022, we terminated the 2018 equity
incentive plan and adopted a new equity incentive plan (the “2022 Plan”) that provided for a maximum of 250,000 authorized
for issuance. Between February 12, 2022, and October 25, 2022, the Company issued all of the 250,000 shares of Common Stock available
for issuance under the 2022 Plan.

The New 2022 EIP, as amended.

On October 26, 2022, the Board terminated the
2022 Plan and adopted JX Luxventure Limited the New 2022 Equity Incentive Plan (the “ New 2022 EIP”), which authorized 1,000,000
maximum shares of Common Stock for issuance. On May 7, 2025, the Company amended this plan by the Plan Amendment, to, among other things,
(i) change the name of the plan from “ JX Luxventure Limited New 2022 Equity Incentive Plan” to “ JX Luxventure Group
Inc. New 2022 Equity Incentive Plan”, to reflect the current name of the Company; (ii) increase the maximum number of shares authorized
under the New 2022 EIP to 25,000,000 shares of Common Stock, and (ii) eliminate limitation on the maximum number of shares to be issued
under the New 2022 EIP to any individual participant in any one fiscal year of the Company.

The following paragraphs summarize the terms of
the New 2022 EIP, as amended (the