Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 96

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 96
---
 domestic companies that seek to offer
and list securities in overseas markets, either directly or indirectly, are required to fulfill the filing procedure with the CSRC and
report relevant information.

The Overseas Listing Trial Measures provide that
if the issuer meets both of the following criteria, the overseas securities offering and listing conducted by such issuer will be deemed
as an indirect overseas offering and listing by PRC domestic companies: (i) more than 50% of any of the issuer’s operating revenue,
total profit, total assets or net assets as documented in its audited consolidated financial statements for the most recent fiscal year
is accounted for by domestic companies; and (ii) the main parts of the issuer’s business activities are conducted in mainland China,
or its main place(s) of business are located in mainland China, or the majority of senior management staff in charge of its business operations
and management are PRC citizens or have their usual place(s) of residence located in mainland China. Where an issuer submits an application
for initial public offering to competent overseas regulators, such issuer must file with the CSRC within three business days after such
application is submitted. The Overseas Listing Trial Measures also requires subsequent reports to be filed with the CSRC on material events,
such as change of control, having been investigated or penalized by overseas securities regulatory authorities or other competent authorities,
converting the listing status or listing board, or voluntary or forced delisting of the issuer(s) which have completed overseas offerings
and listings.

In addition, the Overseas Listing Trial Measures
provide that an overseas listing or offering is explicitly prohibited under any of the following circumstances: (i) such securities offering
and listing is explicitly prohibited by provisions in laws, administrative regulations and relevant state rules; (ii) the intended securities
offering and listing may endanger national security as reviewed and determined by competent authorities under the State Council in accordance
with law; (iii) the domestic company intending to make the securities offering and listing, or its controlling shareholder(s) and the
actual controller, have committed relevant crimes such as corruption, bribery, embezzlement, misappropriation of property or undermining
the order of the socialist market economy during the latest three years; (iv) the domestic company intending to make the securities offering
and listing is currently under investigations for suspicion of criminal offenses or major violations of laws and regulations, and no
conclusion has yet been made thereof; or (v) there are material ownership disputes over equity held by the domestic company’s controlling