Sun Lei Increases Stake in JX Luxventure Group Inc. to 29.02% via $6.27M Debt-for-Equity Exchange

Sun Lei, a significant shareholder and likely insider of JX Luxventure Group Inc. (JXG), filed Amendment No. 7 to Schedule 13D on April 14, 2026, reporting a substantial increase in holdings. On April 10, 2026, the Reporting Person acquired 2,100,000 shares of Common Stock at a price of $2.986 per share. This acquisition was executed via a debt exchange agreement dated March 26, 2026, involving the cancellation of $6,270,600 in debt owed by the Issuer to Sun Lei. Following this transaction, Sun Lei beneficially owns 2,600,523 shares, representing 29.02% of the company's outstanding common stock. This total includes 2,595,473 shares held directly (including 350 shares via Happy Brilliance Limited) and 5,050 shares issuable upon the conversion of Series A, C, and D Preferred Stock. The reported share counts reflect retroactive adjustments for multiple reverse stock splits occurring between 2023 and 2025. The funding for previous cash acquisitions originated from the Reporting Person's personal funds.