Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 239

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 239
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311  

                         As at December 31,                                        
                                       2024                     2023               
 ───────────────────────────────────────────────────────────────────────────────────
  Renminbi                                       1,167,272                405,534  
  Hong Kong Dollars                                 17,184                  1,777  
                                                 1,184,456                407,311  

Cash and cash equivalents comprise cash
held by the Group and short-term deposits with an original maturity of three months or less. Bank deposits as at December 31, 2024 carry
interest at market rates which ranged from0.20% to0.40% (2023: 0.20% to0.40%) per annum. Majority of our cash is deposited with financial
institution in the PRC. Remittance of funds out of the PRC is subject to the exchange restrictions imposed by the PRC government.

  24.      SHORT-TERM BANK LOAN  

Summary of short-term bank loan

                            Annual                  Maturity               December 31,      December 31,  
                            Interest                                                                       
                            Rate                    date                           2024      2023          
  Industrial Bank (i)                      2.9      December 30, 2025        $1,027,496      $             
  Industrial Bank (ii)                    3.65      May 21, 2025               $616,497      $             
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total                                                                      $1,643,993      $             

  (i)      The bank loan is guaranteed by the CEO and Chairman of the Company.  

  (ii)      The bank loan is secured by a property of the Company and guaranteed by the CEO and Chairman of the Company.  

  25.      TRADE AND OTHER PAYABLES  

                                  As at December 31,                                          
                                                2024                     2023                 
 ──────────────────────────────────────────────────────────────────────────────────────────────
  Trade payables                                            416,987                  388,126  
  Employee benefits payable                                  22,723                   24,091  
  Accrual and other payables                              2,172,481                1,823,771  
                                                          2,612,191                2,235,988  

The fair value of trade and other payables
have not been disclosed as, due to their short duration, management considers the carrying