Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 184

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 10
Chunk 184
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 Public Reference Section of the SEC, 100 F. Street, N. E., Washington
D. C. 20549, at prescribed rates. Additionally, copies of this material may be obtained from the SEC’s Internet site at http://www. sec. gov.
The SEC’s telephone number is 1-800-SEC-0330. In accordance with NASDAQ Stock Market Rule 5250(d), we will also post this annual
report on Form 20-F on our website at www. jxluxventure. com/en.

As a foreign private issuer, we are exempt from
the rules under the Exchange Act prescribing the furnishing and content of quarterly reports and proxy statements, and officers, directors
and principal shareholders are exempt from the reporting and short-swing profit recovery provisions contained in Section 16 of the Exchange
Act.

I. Subsidiary Information

Not applicable.

ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES
ABOUT MARKET RISK

Interest Rate Risk

We deposit surplus funds with Chinese banks earning
daily interest. We do not invest in any instruments for trading purposes. Most of our outstanding debt instruments carry fixed rates of
interest. Our operations generally are not directly sensitive to fluctuations in interest rates and we currently do not have any long-term
debt outstanding. Management monitors the banks’ prime rates in conjunction with our cash requirements to determine the appropriate
level of debt balances relative to other sources of funds. We have not entered into any hedging transactions in an effort to reduce our
exposure to interest rate risk.

Foreign Exchange Risk

While our reporting currency is the U. S. dollar,
substantially all of our consolidated revenues and consolidated costs and expenses are denominated in RMB. Substantially all of our assets
are denominated in RMB. As a result, we are exposed to foreign exchange risk as our revenues and results of operations may be affected
by fluctuations in the exchange rate between the U. S. dollar and the RMB. If the RMB depreciates against the U. S. dollar, the value of
our RMB revenues, earnings and assets as expressed in our U. S. dollar financial statements will decline. Assets and liabilities are translated
at exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and equity is translated
at historical exchange rates. Any resulting translation adjustments are not included in determining net income but are included in determining
other comprehensive income, a