Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 233

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 233
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 no residual value as there is no commitment from a third party to purchase
the intangible asset at the end of its useful life or an active market for the intangible asset.

F-23

  SEGMENT REPORTING  

Management currently identifies the
Group’s three sales models as operating segments, which are tourism products, technology and cross board merchandise. Apart from
the abovethreebusiness segments, two segments were discontinued in 2022, which are wholesale and retail of menswear and subcontracting
of menswear. The segment presentation is in accordance with management’s expectation of future business developments. These operating
segments are monitored and strategic decisions are made on the basis of segmental gross margins.

                                        Tourism                 Technology              Cross-                  Consolidated                                                            
                                        products                                        board merchandise                                                                               
                                        For the year ended      For the year ended      For the year ended      For the year ended                                                      
                                        December 31,            December 31,            December 31,            December 31,                                                            
  By business                           2024                    2024                    2024                    2024                                                                    
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Sales to external customers                                                                                                            49,840,288       31,840,588        79,874,727  
  Segment revenue                                                                                                                        49,840,288       31,840,588        79,874,727  
  Segment gross margins                                                                                                                   8,352,316        5,456,369         1,464,483  
  Reconciling items                                                                                                                     ( 4,534,285      ( 2,412,591      ( 56,847,143  
  Profit/(loss) before tax                                                                                                                3,818,032        3,043,779      ( 55,382,660  
  Income tax income/(expense)                                                                                                             ( 744,225                -             ( 621  
  Profit/(loss) for the continuing                                                                                                        3,073,807        3,043,779      ( 55,383,281  
  Discontinued operation                                                                                                                          -                -      ( 18,109,150  
  Profit/(loss) for the year                                                                                                              3,073,807        3,043,779      ( 73,492,431  

                               As of December 31, 2024