Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 131

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 131
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 between Mainland China and the Hong Kong Special Administrative
Region, the withholding tax rate in respect to the payment of dividends by a PRC enterprise to a Hong Kong enterprise may be reduced to
5% from a standard rate of 10%. However, if the relevant tax authorities determine that our transactions or arrangements are for the primary
purpose of enjoying a favorable tax treatment, the relevant tax authorities may adjust the favorable withholding tax in the future. Accordingly,
there is no assurance that the reduced 5% withholding rate will apply to dividends received by our Hong Kong subsidiary from our PRC subsidiaries.
This withholding tax will reduce the amount of dividends we may receive from our PRC subsidiaries.

Loans, Other Commitments, Contingencies

As of December 31, 2024, the Company has two loans outstanding as below:

                       Annual                  Maturity               December 31,  
                       Interest                                                     
 ────────────────────────────────────────────────────────────────────────────────────
                       Rate                    date                           2024  
  Industrial Bank                     2.9      December 30, 2025        $1,027,496  
  Industrial Bank                    3.65      May 21, 2025               $616,497  
  Total                                                                 $1,643,993  

We may, however, in the future, require additional cash resources due
to changing business conditions, implementation of our strategy to expand our business or other investments or acquisitions we may decide
to pursue. If our own financial resources are insufficient to satisfy the capital requirements, we may seek to sell additional equity
or debt securities or obtain additional credit facilities. The sale of additional equity securities could result in dilution to our stockholders.
The incurrence of indebtedness would result in increased debt service obligations and could require us to agree to operating and financial
covenants that would restrict our operations. Financing may not be available in amounts or on terms acceptable to us, if at all. Any failure
by us to raise additional funds on terms favorable to us, or at all, could limit our ability to expand our business operations and could
harm our overall business prospects.

C. Research and Development, Patents and Licenses, Etc.

Our industry is characterized by rapid technological change, evolving
industry standards and changing customer demands. These conditions require continuous expenditures on product research and development
to enhance existing products create new products and avoid product obsolescence. See Item 3 “ Key Information - D. Risk Factors - If
we are