Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 80

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 80
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 outstanding on or after
March 14, 2025 into shares of common stock. As a result, as of the date of this Annual Report, all of 1,000,000 Series E Shares were converted
into 2,500,000 shares of Common Stock, and the Company does not have any outstanding shares of Series E Preferred Stock.

On December 20, 2024, the Company changed its
trading symbol from “ JXJT” to “ JXG.”

On December 27, 2024 the Company filed the Amendment
with the Registrar or Deputy Registrar of Corporations in the Marshall Islands, implementing the 1-for-4 reverse stock split and the change
of the Company’s name to “ JX Luxventure Group Inc.” The Company began trading under its new name and on a post-reverse
stock split basis on January 8, 2025.

On February 17, 2025, the Company issued a new
promissory note (the “2025 Original Note”) to Mr. Li in the principal amount of $3,500,000, in consideration of funds advanced
by Mr. Li to the Company. On April 21, 2025, Mr. Li transferred and assigned to six (6) investors (the “ Assignees”) an aggregate
of $1,380,000, representing a portion of the principal amount under the 2025 Original Note (the “ Total Assigned Debt”), with
each Assignee to be assigned a portion of the Total Assigned Debt equal to $230,000 (the “ Assignment”), in consideration of
the purchase price of $230,000 from each Assignee. Upon Mr. Li’s assignment of the Total Assigned Debt to Assignees, the Company
issued to Mr. Li a new promissory note in principal amount of $2,120,000, representing the total remaining outstanding amount due to Mr.
Li under the 2025 Original Note, on the terms of the 2025 Original Note. The Company also issued promissory notes to each Assignee in
the principal amount of $230,000 (the “ Investor Note”), recognizing each Assignee as the legal holder of the Assignment and
the noteholder of the Investor Note. The terms of the Investor Note are the same as the terms of the 2025 Original Note issued by the
Company to Mr. Li.

On April 22, 2025, the Assignees entered into
a debt exchange agreement with