{"url_path":"/sec/jxg/10-k/2026/item-16g","section_key":"item-16g","section_title":"Item 16G CORPORATE GOVERNANCE**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1546383/0001213900-26-057231-index.html","accession_number":"0001213900-26-057231","cik":"0001546383","ticker":"JXG","issuer_name":"JX Luxventure Group Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1546383/0001213900-26-057231-index.html","primary_entity_key":"0001546383","primary_entity_name":"JX Luxventure Group Inc."},"word_count":417,"has_tables":true,"body_markdown":"**ITEM 16G. CORPORATE GOVERNANCE**\n\n \n\nWe were incorporated in the Republic of the Marshall\nIslands (“RMI”) and our corporate governance practices are governed by applicable RMI law, our Restated Articles and bylaws.\nIn addition, because our Common Stock is listed on NASDAQ, we are subject to NASDAQ’s corporate governance requirements. However,\nwe are exempt from certain corporate governance requirements available for foreign private issuers described below. \n\n \n\nNASDAQ Listing Rule 5615(a)(3) permits a foreign\nprivate issuer like us to follow home country practices in lieu of certain requirements of Listing Rule 5600, provided that such foreign\nprivate issuer discloses in its annual report filed with the SEC each requirement of Rule 5600 that it does not follow and describes the\nhome country practice followed in lieu of such requirement. Our RMI counsel has provided a letter to NASDAQ indicating that we have elected\nto follow home country practices in lieu of NASDAQ Listing Rule 5600 with the exception of those rules which are required to be followed\npursuant to the provisions of Nasdaq Listing Rule 5615(a)(3), and our practices with regards to these NASDAQ requirements are not prohibited\nby the laws of the RMI. We currently follow our home country practice that (i) does not require us to hold an annual meeting of shareholders\nno later than one year after the end of its fiscal year, (ii) does not require us to seek shareholder approval for the adoption of share\nincentive plans; and (iii) does not require us to establish a compensation committee or nominating committee or nominating process. As\na result,\n\n \n\n \n●\nin lieu of having a compensation committee under Nasdaq Listing Rule 5605(d), we currently do not have a compensation committee;\n\n \n\n \n●\nin lieu of selecting or recommending director nominees for selection by either a majority of the independent directors or a nominating committee comprised solely of independent directors under Nasdaq Listing Rule 5605(e), we currently do not have a nominating committee or such nominating process;\n\n \n\n \n●\nin lieu of holding a shareholder meeting each year under Nasdaq Listing Rule 5620(a), we did not hold an annual shareholder meeting in fiscal 2019; however, we may, hold annual shareholder meetings in the future if there are significant issues that require shareholders’ approvals; and\n\n \n\n \n●\nin lieu of obtaining shareholder approval under Nasdaq Listing Rule 5635(c) prior to the adoption of an agreement pursuant to which stock may be acquired by officers, directors, employees or consultants, our board of directors approves such adoption, including our 2018 equity incentive plan."}