Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 252

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 252
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 arising from the carrying amount of the respective recognized financial assets as stated in the consolidated statement of financial
position.

In order to minimize the credit risk,
the management of the Group has delegated a team responsible for determination of credit limits, credit approvals and other monitoring
procedures to ensure that follow-up action is taken to recover overdue debts. In addition, the Group reviews the recoverable amount of
each individual trade debt at the end of each reporting period to ensure that adequate impairment losses are made for irrecoverable amounts.
In this regard, the directors of the Group consider that the Group’s credit risk is significantly reduced.

The Group’s exposure to credit
risk on receivables in influenced mainly by the individual characteristics of each customer therefore concentrations of credit risk primarily
arise when the Group has significant exposure to individual customers. In order to minimize the credit risk, management continuously monitors
the level of exposure to ensure that follow-up actions and/or corrective actions are taken promptly to lower the risk exposure or to recover
overdue balances.

  Liquidity risk  

In the management of the liquidity
risk, the Group monitors and maintains a level of cash and bank balances deemed adequate by the management to finance the Group’s
operations and mitigate the effects of fluctuations in cash flows. The management monitors the utilization of bank borrowings and ensures
compliance with loan covenants.

Liquidity tables

The following tables detail the Group’s
remaining contractual maturity for its non-derivative financial liabilities as at December 31, 2024 based on agreed repayment terms. The
tables have been drawn up based on undiscounted cash flows of financial liabilities based on the earliest date on which the Group can
be required to pay. The tables include both interest and principal cash flows.

As at December 31, 2024

                                                      Within      Over            Total  
                                                      1 year      1 year                 
 ─────────────────────────────────────────────────────────────────────────────────────────
  Short-term bank loans and related interests      1,643,993      -           1,643,993  
  Trade and other payables                         2,612,191      -           2,612,191  
  Related parties payables                         3,783,415      -           3,783,415  
  Operating lease liabilities                          7,477      4,463          11,940  
  Total                                            8,047,076      4,463       8,051,539  

F-42