Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 2

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 2
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ITEM 3. KEY INFORMATION

Our Holding
Corporate Structure

We are not an operating company
in China, buta Marshall Islands holding company that conducts almost all of our operations through our subsidiaries based in China
and Hong Kong. Holders of shares of our Common Stock do not own equity securities of our subsidiaries that have substantive business operations
in China, but instead are holders of equity securities of a Marshall Islands holding company. Such a structure involves unique risks to
investors holding shares of our Common Stock. Although we own and control our PRC operating subsidiaries, investors holding shares of
our Common Stock may never hold equity interests directly in our PRC operating subsidiaries. Substantial uncertainties exist with respect
to the interpretation and implementation of the PRC Foreign Investment Law and its Implementation Regulations and how they may impact
the viability of our current corporate structure, corporate governance, business operations and financial results. Chinese regulatory
authorities could disallow this holding company structure, which would likely result in a material change in our operations and/or a material
change in the value of our securities, including that it could cause the value of our securities to significantly decline or become worthless.

The following diagram illustrates our corporate
structure and our subsidiaries as of the date of the Annual Report:

For a detailed description of the risks
associated with our corporate structure, please see“ Summary of Risk Factors” - beginning on page 6 and
“Risk Factors - Risks Related to Our Corporate Structure” on page 21 of this Annual Report for
more information.

Our Business Operations in China

We face various legal and operational risks and
uncertainties related to being based in and having most of our operations in China. Changes and developments in the PRC legal system and
the interpretation and enforcement of PRC laws, rules and regulations may subject us to uncertainties and may change quickly with little
advance notice. The PRC government has significant authority and may exercise significant oversight and discretion over our ability, as
offshore holding company that has most of the operations in China, to conduct our business, accept foreign investments or list on an U. S.
or other foreign exchanges, and may intervene in or influence our operations at any time.

For example, we face risks associated with regulatory approvals of
offshore offerings, anti-monopoly regulatory actions, and oversight on cybersecurity and data privacy. Such risks could result in a material
change in our operations and/or the value of our shares of Common Stock and could significantly limit or completely hinder our ability
to offer or continue