Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 39

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 39
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 us to change certain aspects of our business to ensure compliance, which could decrease
demand for our products, reduce revenues, increase costs, require us to obtain more licenses, permits, approvals or certificates, or subject
us to additional liabilities. To the extent any new or more stringent measures are required to be implemented, our business, financial
condition and results of operations could be adversely affected, and any such action could significantly limit or completely hinder our
ability to offer or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless.

Recent statements by the Chinese government
have indicated its intent to exert more oversight and control over offerings that are conducted overseas and/or foreign investments in
China-based issuers, which could significantly limit or completely hinder our ability to offer or continue to offer securities to investors
and cause the value of our securities to significantly decline or be worthless.

Recent statements by the Chinese government have
indicated its intent to exert more oversight and control over offerings that are conducted overseas and/or foreign investments in China
based issuers. PRC has recently promulgated new rules that require companies collecting or holding large amounts of data to undergo a
cybersecurity review prior to listing in foreign countries, a move that will significantly tighten oversight over China-based internet
giants. The Measures for Cybersecurity Review (2021 version) was promulgated on December 28, 2021 and became effective on February 15,
2022. These measures specify that any “online platform operators” controlling the personal information of more than one million
users which seek to list on a foreign stock exchange are subject to prior cybersecurity review.

Our business belongs to the cross-border merchandise
and tourism industry in China, which does not involve the collection of user data, implicate cybersecurity, or involve any other type
of restricted industry. We relied on the opinion of our PRC counsel, Beijing Dacheng Law Offices LLP (Haikou) in concluding that we are
not subject to the review or prior approval of the CAC or the CSRC. Uncertainties still exist, however, due to the possibility that laws,
regulations, or policies in the PRC could change rapidly in the future. Any future action by the PRC government expanding the categories
of industries and companies whose foreign securities offerings are subject to review by the CSRC or the CAC could significantly limit
or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to