Core Insights - JX Luxventure Limited has appointed Mr. Zhang Chun Sheng as Director of Marketing, bringing over 15 years of experience in brand promotion and marketing [1] - The CEO, Ms. Sun "Ice" Lei, expressed excitement about Mr. Zhang's joining, highlighting his expertise as crucial for elevating the Luxventure brand and expanding market presence [2] Company Overview - JX Luxventure Limited is headquartered in Haikou, China, and provides integrated tourism services, including airfare, duty-free cross-border merchandise, and comprehensive e-commerce technology solutions [3]

HAIKOU, China, July 2, 2024 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions, today announced that, on July 1, 2024, Jinxuan (Hainan) Holding Group Co., Ltd ("JX Hainan"), a subsidiary of the Company, entered into and executed a Cooperation Agreement (the "Agreement") with Tianjin Zhongsheng United Automobile Trading Co., Ltd.  ( ...

Corporate Transactions - The company completed a Share Exchange Agreement on December 21, 2020, acquiring Flower Crown Holding for the issuance of 25,913 shares of Common Stock [278]. - The company sold 100% ownership in Heyang Travel on October 8, 2023, which was previously a wholly-owned subsidiary [280]. - The company completed a stock purchase agreement on October 19, 2022, selling 20,000 shares of Hongri International for $10,000,000 [298]. - The company sold 100% ownership of Beijing Heyang International Travel Services Co., Ltd. for RMB1 on October 8, 2023, as part of its corporate restructuring [306]. - The company underwent a corporate restructuring approved by 60.4% of shareholders, terminating the original VIE structure in favor of direct ownership [284]. - The company disposed of its menswear business segment in October 2022, which is now presented as a discontinued operation [445]. Financial Performance - Total revenue for 2023 decreased to $31.8 million, a 60% decline from $79.9 million in 2022, primarily due to a decrease in the tourism segment [451]. - The technology segment revenue increased to $2.7 million in 2023 from $0.8 million in 2022, attributed to the acceptance of the self-developed B2B technology solution [452]. - Cross-border merchandise segment revenue surged to $7.6 million in 2023 from $0.01 million in 2022, driven by the launch of the imported luxury vehicle business [452]. - Profit for the year was $3.0 million in 2023, compared to a loss of $55.3 million in 2022, marking an increase of $58.3 million [460]. - The company reported a net margin of 9% for 2023, a significant improvement from -93% in 2022 [460]. - Administrative expenses dropped by 96% to $2.1 million in 2023 from $56.0 million in 2022, mainly due to the absence of share-based compensation expenses [457]. Shareholder and Stock Information - The company completed a share repurchase program, acquiring 152,000 shares of Common Stock for a total price of $1,780,000 [293]. - A 1-for-10 reverse stock split was implemented on April 26, 2023, allowing the Company's stock to trade above the minimum bid requirement, although compliance was not regained by the initial deadline [304]. - On May 23, 2023, Nasdaq confirmed the Company regained compliance with the minimum bid requirement, canceling the scheduled hearing for May 25, 2023 [305]. - The company has not established cash management policies for fund transfers among its subsidiaries or investors as of the date of the annual report [473]. - No dividends have been paid to shareholders, and future earnings are intended to finance business expansion [474]. Regulatory Environment - The Foreign Investment Law in China, effective January 1, 2020, governs foreign investments and provides national treatment to foreign investors outside the negative list [367][368]. - The Overseas Listing Trial Measures, effective March 31, 2023, require PRC domestic companies to fulfill filing procedures for overseas listings, impacting the company's ability to offer securities [373][378]. - The company is subject to fines ranging from RMB1,000,000 to RMB10,000,000 for failing to comply with the Overseas Listing Trial Measures [378]. - The Cybersecurity Law mandates network operators to ensure the integrity, confidentiality, and usability of network data, with obligations to prevent unauthorized access and data breaches [380]. - The Data Security Law establishes a classification system for data protection, requiring compliance for cross-border data transfers by critical information infrastructure operators [384]. Operational Strategies - The company emphasizes technology advancements and customer support as key strategies to maintain a competitive edge in the evolving travel industry [313]. - The company offers a software solution for tourism cross-border operations, which includes real-time inventory management and order processing capabilities, enhancing operational efficiency for business clients [329]. - The company has implemented an AI-based analysis program to identify emerging trends in tourism cross-border merchandise, enhancing product sourcing decisions [338]. - The company has adopted a unique approach to excess inventory management, allowing unsold merchandise to be shared among business clients, reducing risks associated with surplus inventory [340]. - The company specializes in sourcing high-quality tourism cross-border merchandise, including health care, personal care, and cosmetics products, from a diverse network of suppliers [336]. Employee and Tax Information - The company employs 134 individuals, including 57 full-time and 77 part-time employees, maintaining a competitive compensation package [343]. - The company is subject to a corporate income tax rate of 25% for resident enterprises and 10% for non-resident enterprises with no established offices in China [407]. - High-tech enterprises may benefit from a reduced income tax rate of 15% upon accreditation, reassessed every three years [408]. - Employers in China are required to contribute to social insurance plans, including pension and medical insurance, based on specified percentages of employee salaries [403]. - The company must comply with regulations regarding housing provident fund contributions, with fines for non-compliance ranging from RMB10,000 to RMB50,000 [404].

HAIKOU, China, May 15, 2024 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions, today announced financial results for the fiscal year ended December 31, 2023.  Financial Highlights for the full year ended December 31, 2023: Significant Profit Reversal: The Company recorded a net profit of $3,043,779, representing a significant imp ...

Group 1 - JX Luxventure (NASDAQ:JXJT) stock is experiencing a significant increase in trading volume, with over 11.6 million shares traded compared to a daily average of about 6,000 shares [1] - The stock price has surged by 380.2% as of Thursday morning, despite the absence of any clear news from the company [2] - JXJT is classified as a penny stock, with a prior closing price of $1.22 and a market capitalization of only $7.397 million [1][2] Group 2 - The volatility of Chinese stocks has been noted, which may contribute to the current trading activity of JXJT [1] - Penny stocks like JXJT are often targeted by retail traders for manipulation, making them susceptible to rapid price changes [2] - The low trading volume and market cap of JXJT raise concerns about potential pump and dump schemes [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange On Which Registered Common Stock, $0.0001 par value JXJT NASDAQ Capital Market FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 O ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ OR ☐ SHELL COMPANY REPORT PURSUANT ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ OR ¨ SHELL COMPANY REPORT PURSUANT ...