Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 6

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 6
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 PRC government could disallow our holding company structure,
which would likely result in a material change in our operations, including our ability to continue our existing holding company structure,
carry on our current business, accept foreign investments, and continue to offer securities to our investors. These adverse actions could
cause the value of our shares of common stock to significantly decline or become worthless.

If we (i) do not receive
or maintain required permissions or approvals, (ii) inadvertently conclude that such permissions or approvals are not required, or (iii)
applicable laws, regulations, or interpretations change and we are required to obtain such permissions or approvals in the future, we
could be subject to fines, legal sanctions or an order to suspend or business operations, which may materially and adversely affect our
business, financial condition and results of operations.

On February 17, 2023,
the China Securities Regulatory Commission (the “ CSRC”) promulgated the Trial Administrative Measures of the Overseas Securities
Offering and Listing by Domestic Companies (the “ Overseas Listing Trial Measures”) and relevant five guidelines, which became
effective on March 31, 2023. According to the Overseas Listing Trial Measures, PRC domestic companies that seek to offer securities or
list in overseas markets, either directly or indirectly, are required to fulfill the filing procedure with the CSRC. At a press conference
held for these new regulations, officials from the CSRC clarified that the domestic companies that have already been listed overseas
before the effective date of the Overseas Listing Trial Measures (i. e. March 31, 2023) shall be deemed as existing issuers, or the Existing
Issuers. Existing Issuers are not required to complete the filling procedures immediately, and they shall be required to file with the
CSRC when subsequent matters such as refinancing are involved.

As an Existing Issuer
under the Overseas Listing Trial Measures, we would only be required to complete the filing procedures with the CSRC in connection with
a new securities offering conducted after March 31, 2023. Given that the Overseas Listing Trial Measures were recently promulgated, however,
there remain substantial uncertainties as to their interpretation, application, and enforcement. We cannot guarantee that new rules or
regulations promulgated in the future will not impose any additional requirement on us or otherwise tighten the PRC domestic regulations
on companies indirectly listed overseas.

We
may be subject to penalties and sanctions imposed by the PRC regulatory agencies, including the