Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 92

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 92
---
 10 years      Approved  
                                                                        Luxury                               
                                                                        Tourism                              
  Taiwan      109063184                         09/10/2020      35      Jinxuan      10 years      Approved  
                                                                        Luxury                               
                                                                        Tourism                              
  Taiwan      109063187      LUXVENTURE         09/10/2020      39      Jinxuan      10 years      Approved  
                                                                        Luxury                               
                                                                        Tourism                              
  Taiwan      109063188      LUXVENTURE         09/10/2020      35      Jinxuan      10 years      Approved  
                                                                        Luxury                               
                                                                        Tourism                              
  Taiwan      109063174      Jinxuan Pinlv      09/10/2020      41      Jinxuan      10 years      Approved  
                                                                        Luxury                               
                                                                        Tourism                              
  Taiwan      109063185      LUXVENTURE         09/10/2020      43      Jinxuan      10 years      Approved  
                                                                        Luxury                               
                                                                        Tourism                              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────

Insurance

We do not have any business liability, interruption
or litigation insurance coverage for our operations in China. Insurance companies in China offer limited business insurance products.
While business interruption insurance is available to a limited extent in China, we have determined that the risks of interruption, cost
of such insurance and the difficulties associated with acquiring such insurance on commercially reasonable terms make it impractical for
us to have such insurance. Therefore, we are subject to business and product liability exposure. See “ Risk Factors - Risks Related
to Our Business - We have limited insurance coverage in China and may not be able to recover insurance proceeds if we experience uninsured
losses.”

Impact of the COVID-19 pandemic

The impact of the COVID-19 pandemic on the Company’s
business has been severe, widespread and continues to evolve. The recent COVID-19 pandemic adversely affected many businesses in China.
China implemented nationwide efforts to contain the spread of the novel coronavirus, particularly. during 2021 and 2022, when the most
severe additional lockdowns were implemented, including lockdowns in Hainan Island. These lockdowns had a significant impact on our operations,
particularly on Hainan Island, where we are based. As a result of the lockdown on Hainan Island, Chinese customs were closed, preventing
the sanitization and inspection of imported products for potential COVID-19 contamination. This effectively halted our cross-border operations.