JX Luxventure Group Inc 6-K, filed May 8, 2025
JX Luxventure Group Inc. (JXG)
About this 6-K
JX Luxventure Group Inc filed this 6-K on May 8, 2025.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of May 2025
(Report No. 1)
Commission File Number 001-35715
JX Luxventure Group Inc.
(Translation of registrant’s name into English)
Bin Hai Da Dao No. 270
Lang Qin Wan Guo Ji Du Jia Cun Zong He Lou
Xiu Ying District
Haikou City, Hainan Province 570100
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
On May 7, 2025, the board of directors (the “Board”) of JX Luxventure Group Inc., a corporation duly organized under the laws of the Republic of Marshall Islands (the “Company”) and the shareholders of 65% of the total issued and outstanding capital stock of the Company, approved by written consent, and adopted Amendment No. 1 (the “Plan Amendment”) to the JX Luxventure Limited New 2022 Equity Incentive Plan (the “New 2022 EIP”). The Plan Amendment was adopted to, among other things, (i) change the name of the plan to “JX Luxventure Group Inc. New 2022 Equity Incentive Plan,” reflecting the current name of the Company; (ii) increase the maximum number of shares of common stock authorized for issuance thereunder from 1,000,000 shares to 25,000,000 shares; and (iii) eliminate the provisions in the New 2022 EIP related to limitations on the maximum number of shares that can be granted as performance-based compensation to any individual participant in the aggregate in any one fiscal year of the Company.
The foregoing descriptions of the Plan Amendment are incorporated by reference to the full text of the Plan Amendment, a copy of which is filed as Exhibit 10.1 to this report on Form 6-K.
| Exhibit No. | Description | |
| 10.1 | Amendment No. 1 to the New 2022 EIP |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: May 8, 2025 | JX Luxventure Group Inc. | |
| By: | /s/ Sun Lei | |
| Sun Lei | ||
| Chief Executive Officer | ||
2
Exhibit 10. 1
AMENDMENT
#1 TO JX Luxventure limited
NEW 2022 EQUITY INCENTIVE PLAN
This Amendment #1 (the “Plan Amendment”) to the JX Luxventure Limited New 2022 Equity Incentive Plan (the “New 2022 EIP”), is entered into as of May 7, 2025, by JX Luxventure Group Inc., a non-resident domestic corporation incorporated in the Republic of the Marshall Islands (the “Company”). All capitalized terms used and not defined herein shall have the meanings given to such terms in the New 2022 EIP.
RECITALS
A. The Company adopted the New 2022 EIP, effective as of October 26, 2022.
B. Section 20(a) of the New 2022 EIP provides that the Board may at any time amend, alter, suspend or terminate the New 2022 EIP, and that the Company will obtain shareholder approval of any amendment to the New 2022 EIP to the extent necessary and desirable to comply with applicable laws.
C. On May 7, 2025, the Board of Directors of the Company and holders of the majority of the outstanding capital stock of the Company approved the Plan Amendment, to increase the maximum Shares that may be authorized and granted under the New 2022 EIP from 1,000,000 to 25,000,000, and to eliminate limitations on the maximum number of Shares subject to Awards that can be granted as performance-based compensation to any individual Participant in the aggregate in any one fiscal year of the Company.
Pursuant to the authority contained in Section 20(a) of the New 2022 EIP, the Company now desires to amend the New 2022 EIP as set forth herein.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and mutual covenants set forth in the New 2022 EIP, the Company agrees as follows:
1. “JX Luxventure Limited New 2022 Equity Incentive Plan” to be renamed “JX Luxventure Group Inc. New 2022 Equity Incentive Plan,” and the term “Company” shall reflect the current name of the Company “JX Luxventure Group Inc.”
2. Section 3(a) of the New 2022 EIP is deleted in its entirety and the following is substituted in lieu thereof:
“Shares Subject to the New 2022 EIP. Subject to the provisions of Section 13, the maximum aggregate number of Shares available for grant under the New 2022 EIP shall be twenty-five million (25,000,000), subject to adjustment for any decrease or increase in the number of Shares resulting from a stock split, reverse stock split, recapitalization, combination, reclassification, the payment of a stock dividend on the Common Stock or any other decrease in the number of such Shares effected without receipt of consideration by the Company.”
3. Section 15b(iii) of the New 2022 EIP – “Maximum Amount” is deleted in its entirety, and the current Section 15b(iv) – “Performance Criteria” becomes Section 15b(iii).
4. Except to the extent expressly amended or modified in this Plan Amendment, the New 2022 EIP shall remain in full force and effect as originally executed.
IN WITNESS WHEREOF, the undersigned has executed this Plan Amendment as of the day and year first above written.
| JX LUXVENTURE GROUP INC. | ||
| By: | /s/ Sun Lei | |
| Sun Lei | ||
| Chief Executive Officer | ||