Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 243

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 243
---
 December 31, 2024                                  2,247,048          899      78,959,218  

                                                                                  Number of      Share                          Share  
                                                                                     shares      capital                      premium  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Authorized Common shares of US$ 0.0001 as at December 31, 2024                150,000,000      $            15,000               $-  
  Issue and fully paid common shares of US$ 0.0001 as at December 31, 2022        1,515,834                    6,063      $77,959,554  
  Issue and fully paid common shares of US$ 0.0001 as at December 31, 2023        1,515,798                      606      $77,965,011  
  Issue and fully paid common shares of US$ 0.0001 as at December 31, 2024        2,247,048                      899      $78,959,218  

Preferred Stock

The Company is authorized to issue5,000,000preferred shares with a par value of $0.0001per share with such designation, rights and preferences as may be determined by the Company’s
board of directors.

On April 8, 2021, the Company issued1,500,000shares of our newly-designated Series A Convertible Preferred Stock to a single investor for total subscription proceeds of
$1,500,000. Each Series A Convertible Preferred Stock features a stated value of $1.00and is convertible to0.1share of our common stock
at any time after6months from the date of issue. All shares of common stock issuable upon conversion of the Series A Preferred Stock
are subject to a two-year lock-up agreement running from the initial closing of the financing.

F-36

On September 1, 2021, the Company issued150,000shares of our newly-designated Series C Convertible Preferred Stock to Sun Lei, our Chief Executive Officer for total subscription
proceeds of $1,500,000of a private offering. A Series C Convertible Preferred Stock features a stated value of $10.00and is convertible
to shares of our common stock on a 1 to 0.5 basis at any time after 6 months from the date of issue. Series C Convertible Preferred Stock