Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 106

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 106
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 Trial Measures on Employee Maternity Insurance of Enterprises, enterprises in China are required by PRC
laws and regulations to participate in certain employee benefit plans, including social insurance funds, namely a pension plan, a medical
insurance plan, an unemployment insurance plan, a work-related injury insurance plan and a maternity insurance plan, and contribute to
the plans in amounts equal to certain percentages of salaries, including bonuses and allowances, of the employees as specified by the
local government from time to time at locations where they operate their businesses or where they are located. According to the Social
Insurance Law, an employer that fails to make social insurance contributions may be ordered to rectify the non-compliance and pay the
required contributions within a stipulated deadline, and may be subject to a late payment fine at a daily rate of 0.05% of the outstanding
amount, accruing from the date when the social insurance contributions were due and a fine equal to one to three times the outstanding
amount.

According to the Regulations on the Administration
of Housing Provident Fund, which were promulgated by the State Council and last amended on March 24, 2019, employers are required to contribute
to housing provident funds for the benefit of their employees. According to the Regulations on the Administration of Housing Provident
Fund, an enterprise that fails to make housing fund contributions may be ordered to rectify the noncompliance and pay the required contributions
within a stipulated deadline; if the enterprise fails to rectify the non-compliance with the stipulated deadline, it be may be made to
a local court for compulsory enforcement. In addition, an enterprise that fails to undertake contribution registration of housing provident
fund or fails to go through the formalities of opening housing provident fund accounts for its employees may be ordered to rectify the
noncompliance within a stipulated deadline, where failing to rectify the non-compliance at the expiration of the time limit, it be may
be subject to a fine ranging from RMB10,000 or RMB 50,000.

REGULATIONS RELATED TO TAXATION

Regulations on Income Tax

We and our subsidiaries
may be subject to tax in the jurisdictions in which we are organized or operate, reducing the amount of our net income and cash flows,
including cash available for dividend payments. Under current Marshall Islands law, there is no income, corporate or profits tax or withholding
tax, capital gains tax or capital transfer tax, estate or inheritance tax payable by us or our