Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 36

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 36
---
’s
Bank of China and financial authorities of some of the world’s leading economies, including the United States and China. Any
adverse changes in economic conditions in the PRC, in the policies of the Chinese government or in the laws and regulations in the PRC
could have a material adverse effect on the overall economic growth of the PRC. Such developments could adversely affect our business
and operating results, lead to a reduction in demand for our services and adversely affect our competitive position. The Chinese government
has implemented various measures to encourage economic growth and guide the allocation of resources. Some of these measures may benefit
the overall Chinese economy, but may have a negative effect on us. For example, our financial condition and results of operations may
be adversely affected by government control over capital investments or changes in tax regulations. In addition, in the past the Chinese
government has implemented certain measures, including interest rate adjustment, to control the pace of economic growth. These measures
may cause decreased economic activity in the PRC, which may adversely affect our business and operating results.

Changes in international trade policies,
trade disputes, barriers to trade, the emergence of a trade war and/or other disruptions to international commerce could harm the global
economy and may dampen growth in China, our principal place of business. A severe or prolonged downturn in the Chinese or global economy
could materially and adversely affect our business and financial condition.

The global macroeconomic environment is facing
challenges. Although our business operations do not include selling products outside of China, political uncertainty surrounding international
trade disputes, particularly the ongoing tension between the U. S. and China, could damage consumer confidence and decision-making, leading
to a material adverse effect on our business. The United States recently increased tariffs on goods imported from China and other regions,
as well as the potential for additional protectionist measures, may impact our PRC subsidiaries’ business and operations. China
imposed its tariffs on good imported from the United States. It remains unclear what additional actions, if any, will be taken by the
United States or other governments with respect to international trade agreements, the imposition of tariffs on goods imported into the
United States, tax policy related to international commerce, or other trade matters. We are closely monitoring potential changes in international
trade policy and assessing the potential impact of these and other trade policy changes on our business operations and financial performance.
In addition, political instability and military hostilities, includingthe recent conflict
in Israel with Hamas, the ongoing war betweenuncertain