Company: JXG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043744
Chunk: 5

Company: JX Luxventure Group Inc.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 5
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 treaties or arrangements between the PRC central government and the governments of            
  other countries or regions where the non-PRC resident enterprises are tax resident. Pursuant to the tax agreement between Mainland China           
  and the Hong Kong Special Administrative Region, the withholding tax rate in respect to the payment of dividends by a PRC enterprise to            
  a Hong Kong enterprise may be reduced to 5% from a standard rate of 10%. However, if the relevant tax authorities determine that our transactions  
  or arrangements are for the primary purpose of enjoying a favorable tax treatment, the relevant tax authorities may adjust the favorable           
  withholding tax in the future. Accordingly, there is no assurance that the reduced 5% withholding rate will apply to dividends received            
  by our Hong Kong subsidiary from our PRC subsidiaries. This withholding tax will reduce the amount of dividends we may receive from our            
  PRC subsidiaries.                                                                                                                                  
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PRC Government Permissions
and Approvals

We relied
on the opinion of our PRC counsel, Beijing Dacheng Law Offices LLP (Haikou) in concluding that we and our PRC subsidiaries have
obtained all necessary licenses and approvals required for our operations in China, including business licenses and VAT licenses for internet
data center services, internet access services, domestic internet protocol virtual private network services, content delivery network
services and information services. To date, we have not been denied any such licenses and permits.

However, we cannot assure
you that we will always be able to successfully obtain, update or renew all the licenses or permits required for our business in a timely
manner or that these licenses or permits are sufficient to conduct all of our present or future business operations.

We
are aware that the Chinese authorities recently initiated a series of regulatory actions and statements to regulate business operations
in China with little advance notice, including cracking down on illegal activities in the securities market, enhancing supervision over
China-based companies listed overseas using variable interest entity structure, adopting new measures to extend the scope of cybersecurity
reviews, and expanding the efforts in anti-monopoly enforcement.

We
are also subject to the risks of uncertainty of any future actions of the PRC government in this regard including the risk that we inadvertently
conclude that the permission or approvals discussed here are not required, that applicable laws, regulations or interpretations change
such that we are required to obtain approvals in the future, or that the