Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 105

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 105
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REGULATIONS RELATING TO LABOR PROTECTION

Pursuant to the Labor Law of the PRC, which was
promulgated by the SCNPC on July 5, 1994 and most recently amended on December 29, 2018, an employer shall establish a comprehensive management
system to safeguard the rights of its employees, including developing and improving its labor safety and health system, stringently implementing
national protocols and standards on labor safety and health, conducting labor safety and health education for workers, guarding against
labor accidents and reducing occupational hazards. An employer must provide employees with the necessary labor protection equipment that
comply with labor safety and health conditions stipulated under national regulations, as well as provide regular check-ups for workers
that engage in operations with occupational hazards.

The Labor Contract Law of the PRC, which was promulgated
by the SCNPC on June 29, 2007 and became effective on January 1, 2008, and was amended on December 28, 2012, and the Implementation Regulations
on Labor Contract Law of the PRC, which were promulgated and became effective on September 18, 2008, regulate employer and employee relations
and contain specific provisions on the terms of the labor contract. Labor contracts must be made in writing. An employer may legally terminate
a labor contract and dismiss its employees after reaching agreement upon due negotiations with the employee or by fulfilling the statutory
conditions. Employers in most cases are also required to provide severance payment to their employees after their employment relationships
are terminated. In addition, if an employer intends to enforce a non-compete provision in an employment contract or non-competition agreement
with an employee, it has to compensate the employee on a monthly basis during the term of the restriction period after the termination
or expiry of the labor contract.

Moreover, all PRC enterprises are generally required
to implement a standard working time system of eight hours a day and forty hours a week, and if the implementation of such standard working
time system is not appropriate due to the nature of the job or the characteristics of business operation, the enterprise may implement
a flexible working time system or comprehensive working time system after obtaining approvals from the relevant authorities.

Pursuant to the Social Insurance Law of the PRC,
the Interim Regulations on the Collection and Payment of Social Insurance Premiums, the Regulations on Work Injury Insurance, the Regulations
on Unemployment Insurance, the