JX Luxventure Group Inc. Debt Exchange Agreement Summary

JX Luxventure Group Inc. has entered into a debt exchange agreement with its CEO, Sun Lei. The agreement, effective March 26, 2026, involved the issuance of 2,100,000 shares of common stock to Ms. Lei in exchange for the cancellation of $6,270,600 of loans she had provided to the company. The shares were issued at a discounted price of $2.986 per share on April 10, 2026. This transaction resulted in the company issuing 2,100,000 shares, bringing the total outstanding shares to 9,276,831. The issuance was authorized by the board of directors and a majority of voting power holders and was made in reliance on exemptions from registration under the Securities Act of 1933.