Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 109

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 109
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MB1,000,000 to RMB3,000,000, on top of the preferential policies stipulated in the Notice
on the Implementation of Inclusive Tax Concessions for Small and Micro Enterprises for the period from January 1, 2022 to December 31,
2024.

Regulations on Value-added Tax

According to the Provisional Regulations of the
PRC on Value-added Tax which were promulgated by the State Council on December 13, 1993 and last amended on November 19, 2017, and the
Implementation Rules for the Provisional Regulations the PRC on Value-added Tax, which were promulgated by the Ministry of Finance on
December 25, 1993, and last amended on October 28, 2011, all taxpayers selling goods, providing processing, repair or replacement services,
selling services, intangible properties or immovable properties within the China or importing goods to the China shall pay value-added
tax.

REGULATIONS RELATING TO FOREIGN EXCHANGE AND
DIVIDEND DISTRIBUTION

Regulations on Foreign Exchange

The fundamental regulation governing foreign exchange
in China is the Foreign Exchange Administration Rules of the PRC (the “ Foreign Exchange Administration Rules”), promulgated
by the State Council on January 29, 1996 and most recently amended on August 5, 2008. Under these rules, Renminbi is generally freely
convertible for payments of current account items, such as trade and service-related foreign exchange transactions and dividend payments,
but not freely convertible for capital account items, such as direct investment, loan or investment in securities outside China, unless
a prior approval of the State Foreign Exchange Administration of the PRC (the “ SAFE”) or its local counterparts is obtained.

Pursuant to the Circular of the State Administration
of Foreign Exchange on Further Promoting the Reform of Foreign Exchange Administration and Improving the Examination of Authenticity and
Compliance, which was promulgated by SAFE on January 26, 2017, a foreign-invested enterprise may pay dividends to its foreign direct investors
through the financial institutions without the approval of SAFE; the bank shall check the relevant documents under the principle of authenticity.

According to the Circular on the Management of
Foreign Exchange Control on Offshore Investment and Financing and Round Trip Investment by Domestic Residents through Special Purpose
Vehicles (the “ SAFE Circular 37”) which was promulgated by SAFE on July 4, 2014 with effect from the