Company: JXG
Filing Date: 2025-04-24
Form Type: 6-K
Source: 0001213900-25-035093
Chunk: 1

Company: JX Luxventure Group Inc.
Filing Date: 2025-04-24
Form: 6-K
Chunk 1
---
000 of the Total Assigned Debt (the “Assignment”),

Pursuant to the terms of the Assignment Agreement,
at the closing, the Company issued to the Assigner a new promissory note in the principal amount of $2,120,000 (the “New Huidan
Note”) and recognized each Assignee as the owner of the Assignment, and issued to each Assignee a new promissory note in the principal
amount of $230,000 (the “Assignee Note”) on the same terms as the Original Note.

On April 22, 2025, the Company and the Holders
entered into a debt exchange agreement (the “Exchange Agreement”), pursuant to which, the Holders agreed to cancel the total
amount of the Company’s indebtedness under the Assignee Notes, in exchange for the issuance of an aggregate of 69,000 shares (each
Holder to receive 11,550 shares) of a new series of the Company’s preferred stock, designated as Series F Convertible Preferred
Stock (the “Series F Stock”), at the exchange price of $20.00 per share. As contemplated by the terms, and subject to conditions,
of the Exchange Agreement, the closing of the transactions contemplated by the Exchange Agreement (the “Closing”) is scheduled
to occur on or about May 16, 2025, upon satisfaction of certain conditions, including, among other things (i) the Company’s submission
of Listing of Additional Shares Notification Form with Nasdaq Capital Market at least 15 calendar days prior to the issuance of the shares
of Series F Stock; (ii) obtaining the shareholder approval for the issuance of 20% or more of the Company’s issued and outstanding
share capital, as required by Nasdaq Marketplace Rule 5635(d); and (iii) filing of the Certificate of Designation of Preferences, Rights
and Limitations of Series F Convertible Preferred Stock (the “Certificate of Designation of Series F Stock”) with the Registrar
of the Corporation under the Marshall Island Business Corporations Act (the “BCA”), establishing the Series F Stock.

<div align='center'>1</div>

Pursuant to the terms of the Certificate of Designation
of Series F Stock, Series E Shares are convertible to shares of the Company’s common stock at the conversion rate of 1 for 100,
such as each Series F Share to be converted into 100 shares of the Company’s common stock without payment or any additional consideration
by the Holder thereof