Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 65

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 65
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 the hearing process, the delisting will be stayed.

Even if we are able to regain compliance with
the Minimum Bid Price Requirement, the liquidity of the shares of our common stock may be materially and adversely affected by any such
reverse stock split given the reduced number of shares of common stock that will be outstanding following the reverse stock split, especially
if the market price of our common stock does not increase as a result of the reverse stock split.

Following any reverse stock split, the resulting
market price of our common stock may not attract new investors and may not satisfy the investing requirements of those investors. Although
we believe a higher market price of our common stock may help generate greater or broader investor interest, there can be no assurance
that the reverse stock split will result in a share price that will attract new investors, including institutional investors. In addition,
there can be no assurance that the market price of our common stock will satisfy the investing requirements of those investors. As a result,
the trading liquidity of our common stock may not necessarily improve.

Since we effectuated a reverse stock split
within the past year, should the trading price of our Common Stock fall again below the Minimum Bid Price Requirement, we will not be
eligible to receive any compliance period and may be issued a delisting decision.

Nasdaq recently amended its listing rules related
to excessive reverse stock splits, which further limited the number of times companies can conduct reverse stock splits to regain compliance
with the Minimum Bid Price Requirement.

Under these rules, if a company has effectuated
one or more reverse stock splits with a cumulative ratio of 1-for-250 within a two-year period or a reverse stock split at any split ratio
within the prior one year and thereafter falls out of compliance with the Minimum Bid Price Requirement, it will not be eligible for any
compliance period to address a bid price deficiency, but instead will be issued a delisting decision.

We effectuated a 1-for 4 reverse stock split on December 27, 2024 to
prevent a potential non-compliance with the Minimum Bid Price Requirements., and our Common Stock started trading on a post-split basis
on January 8, 2025. If our Common Stock fails below the Minimum Bid Price Requirement within one year from effecting the last reverse
stock split, we will be subject to immediate delisting without being granted a compliance period. Although under these circumstances,
we can appeal the delisting determination to a Hearings Panel, during which time any suspension or delisting action will