Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 177

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 177
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The following is a discussion of certain material
U. S. federal income tax consequences of the acquisition, ownership and disposition of our securities. It does not purport to be a comprehensive
description of all of the tax considerations that may be relevant to a particular person’s situation. The discussion applies only
to holders that hold their securities as capital assets (generally property held for investment) within the meaning of Section 1221 of
the Internal Revenue Code of 1986, as amended, or the Code. This discussion is based on the Code, income tax regulations promulgated thereunder,
judicial positions, published positions of the Internal Revenue Service, or the IRS, and other applicable authorities, all as in effect
as of the date hereof and all of which are subject to change, possibly with retroactive effect. This discussion is general in nature and
is not exhaustive of all possible tax considerations, nor does the discussion address any state, local or foreign tax considerations or
any U. S. tax considerations (e. g., estate or gift tax) other than U. S. federal income tax considerations, that may be applicable to particular
holders.

This discussion does not address all aspects of
U. S. federal income taxation that may be relevant in light of particular circumstances, nor does it address the U. S. federal income tax
consequences to persons who are subject to special rules under U. S. federal income tax law, including:

  banks, insurance companies or other financial institutions;  

  persons subject to the alternative minimum tax;  

  tax-exempt organizations;  

  controlled foreign corporations, passive foreign investment companies and corporations that accumulate earnings to avoid United States federal income tax;  

  certain former citizens or long-term residents of the United States;  

  dealers in securities or currencies;  

  traders in securities that elect to use a mark-to-market method of accounting for their securities holdings;  

  persons that own, or are deemed to own, more than five percent of our capital stock;  
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  holders who acquired our stock as compensation or pursuant to the exercise of a stock option; or  

  persons who hold our shares as a position in a hedging transaction, “straddle,” or other risk reduction transaction.  

For purposes of this discussion, a U. S. holder
is (i) an individual who is a citizen or resident of the United States for U. S. federal income