Board Change • Jul 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Yan Jin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 01
JX Luxventure Group Inc. announced delayed 20-F filing On 04/30/2026, JX Luxventure Group Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Aankondiging • May 01
JX Luxventure Group Inc. announced delayed 20-F filing On 04/30/2025, JX Luxventure Group Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Aankondiging • Feb 19
JX Luxventure Group Inc. announced that it expects to receive $3.5 million in funding from Marshall Islands JX Luxventure Group Inc. announced a private placement to issue an negotiable promissory note in the aggregate principal amount of $3,500,000 on February 17, 2025. The transaction include the participation from new investor Marshall Islands. The company will issue negotiable promissory note in the transaction. Aankondiging • Aug 30
JX Luxventure Limited Appoints Zhang Chun Sheng as Director of Marketing JX Luxventure Limited announced that, on August 29, 2024, the Company has hired Mr. Zhang Chun Sheng as Director of Marketing. Mr. Zhang Chun Sheng has over 15 years of experience in brand promotion and marketing and is a seasoned expert in this area. He previously held a senior role at Xunlei Limited, where he played a crucial part in driving the company's success. Aankondiging • May 01
JX Luxventure Limited announced delayed 20-F filing On 04/30/2024, JX Luxventure Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Aankondiging • May 25
JX Luxventure Cures its Deficiency Related to the Minimum Bid Requirement for Continued Listing on the Nasdaq Capital Market and Cancels Scheduled Hearing JX Luxventure Limited announced that on May 23, 2023, the company received the letter from the Nasdaq Hearing Panel stating that, as determined by the Nasdaq Listing Qualifications Department, the Company cured its deficiency related to the minimum bid requirement for continued listing on the Nasdaq Capital Market (‘Nasdaq’) and the hearing previously scheduled on May 25, 2023, before the Nasdaq Hearing Panel has been canceled. This letter also stated that the Company is in compliance with all applicable continued listing standards and that its stock will continue to be listed and traded on Nasdaq. Reported Earnings • May 14
Full year 2022 earnings released: US$32.94 loss per share (vs US$82.26 loss in FY 2021) Full year 2022 results: US$32.94 loss per share. Revenue: US$79.9m (up 35% from FY 2021). Net loss: US$55.4m (loss widened 49% from FY 2021). Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Ruifeng Mu is the most experienced director on the board, commencing their role in 2020. Independent Director Yan Jin was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Nov 02
JX Luxventure Announces Receipt of NASDAQ Notification Letter Regarding Minimum Bid Price JX Luxventure Limited announced that on October 24, 2022, the Company received the letter (Notification Letter) from Nasdaq Stock Market, LLC ("Nasdaq"), notifying the Company that it is not in compliance with the minimum bid price of $1.00 per share for thirty (30) consecutive days, as required by Nasdaq Rules for continued listing (the "Rules"). In accordance with the Rules, the Company has been provided 180 calendar days, or until April 24, 2023, to regain compliance with the Rules. The Notification Letter also provides that if at any time during this 180-day period the closing bid price of the Company's security will be at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide its written confirmation of compliance and this matter will be closed. If the Company does not regain compliance within the 180-day period, the Company may be eligible for additional time, provided that it meets all listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and shall provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If Nasdaq determines that the Company meets these requirements, it will notify the Company that it will be granted an additional 180-day cure period, but if Nasdaq determines that the Company does not meet these requirements, Nasdaq will notify the Company that its securities will be subject to delisting. The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time (however, Nasdaq will include the Company on its website in its list of non-compliant Nasdaq companies and the basis of such non-compliance commencing five business days from the date of the Notification Letter). The Company's business operations are also not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its securities on the Nasdaq Capital Market and, if appropriate, consider implementing available options, including a reverse stock split, to regain compliance with the minimum bid price requirement under the Rules. Aankondiging • Oct 12
Shenzhen Zhongjiyingfeng Investment Co., Ltd. agreed to acquire Hongri International Holding Limited from JX Luxventure Limited (NasdaqCM:JXJT) for $10 million. Shenzhen Zhongjiyingfeng Investment Co., Ltd. agreed to acquire Hongri International Holding Limited from JX Luxventure Limited (NasdaqCM:JXJT) for $10 million on October 10, 2022. Reported Earnings • Sep 11
First half 2022 earnings released: US$2.55 loss per share (vs US$1.21 loss in 1H 2021) First half 2022 results: US$2.55 loss per share (further deteriorated from US$1.21 loss in 1H 2021). Revenue: US$52.3m (up 312% from 1H 2021). Net loss: US$19.5m (loss widened 294% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Board Change • Jul 29
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). President, Interim CFO & Director Keyan Yan is the most experienced director on the board, commencing their role in 2011. Independent Director Long Hai He was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Jun 23
JX Luxventure Limited (NasdaqCM:LLL) announces an Equity Buyback for $5 million worth of its shares. JX Luxventure Limited (NasdaqCM:LLL) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The purpose of the program is to instill confidence in the shareholders of the company. The funds for the program will be provided by Sun “Ice” Lei who is the Chief Executive Officer of the company. The program will be valid for a period of 12 months. Aankondiging • May 08
JX Luxventure Limited Announces Board Changes On May 2, 2022, Bizhen Chen, Yuet Mei Chan and Zhongmin Zhang, each a member of the Board of Directors of JX Luxventure Limited, resigned from the Board, effective immediately. Prior to his resignation, Mr. Yuet Mei Chan served on the Company’s Audit Committee, and Mr. Chan and Mr. Zhang were independent directors under the Nasdaq listing rules. Each of Mr. Chen, Mr. Chan and Mr. Zhang did not resign as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On May 2, 2022, Keyan Yan resigned as Co-Chairman of the Board but will continue to serve as a member of the Board and interim Chief Financial Officer of the Company. Effective May 3, 2022, the remaining members of the Board appointed Baojun Zhu as the member of the Board, effective immediately. As a result, the number of members of the Board was reduced from 9 members to 7 members. Baojun Zhu, age 54, has over 20 years of experience in the hospitality industry. He is currently the Chairman of Baoxuan Group Co., LTD, Vice President of China Hospitality Association and Vice President of Chinese Cuisine Association. Mr. Zhu received award for Outstanding Meritorious Personage in Chinese hotel industry. Mr. Zhu acquired a range of expertise in business based upon his over 20 years in the business world. In addition, Mr. Zhu was appointed by the board of directors as a member of the Audit Committee. Our board of directors has also determined that Mr. Zhu is an “audit committee financial expert”. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Long Hai He was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 14
JX Luxventure Appoints Ms. Ting Ting Jiang as Director of Marketing JX Luxventure Limited announced the appointment of Ms. Ting Ting Jiang as the Director of Marketing. Reported Earnings • Sep 09
First half 2021 earnings released: US$1.21 loss per share (vs US$1.21 loss in 1H 2020) The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2021 results: Revenue: US$12.7m (up 183% from 1H 2020). Net loss: US$4.95m (loss widened 58% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • May 02
KBS Fashion Group Limited announced delayed 20-F filing On 04/30/2021, KBS Fashion Group Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Aankondiging • Mar 16
Kbs Fashion Group Limited Declares Dividend KBS Fashion Group Limited announced the authorization and declaration of a dividend distribution of one right for each outstanding share of common stock, par value $0.0001 per share, of the company to stockholders of record as of the close of business on March 31, 2021. Each Right entitles the registered holder to purchase from the company one 0.00667 portion of a share of Series B Participating Preferred Stock, par value $0.0001 per share, of the company at an exercise price of $50.00. The complete terms of the Rights are set forth in a Preferred Stock Rights Agreement, dated as of March 11, 2021, between the Company and American Stock Transfer & Trust Company, LLC, as rights agent. Aankondiging • Feb 28
KBS Fashion Group Limited announced that it expects to receive $1.5 million in funding KBS Fashion Group Limited (NasdaqCM:KBSF) announced that it has entered binding memorandum of understanding for private placement of up to 100,000 convertible preferred stock at a price of $15 per share for gross proceeds of up to $1,500,000 on February 26, 2021. The transaction has been approved by the board of directors of the company and is subject to completion and satisfaction of due diligence of both parties, obtaining of all requisite third party consents, creditor and lien holder consents and other necessary consents, company shareholder approval having been obtained, and if necessary, NASDAQ approval. The transaction will include participation from a single investor. Each share of preferred stock will be convertible to shares of common stock at a ratio of 15 shares of common stock for each share of preferred stock. All shares of common stock issuable upon conversion of the preferred stock will be subject to a two-year lock-up agreement running from the initial closing of the transaction. The conversions will be limited such that the investor may not effect a conversion of the preferred stock to the extent that, immediately after such conversion, the investor would be the beneficial owner of more than 9.99% of issued and outstanding common stock of the company. Is New 90 Day High Low • Jan 29
New 90-day high: €3.50 The company is up 99% from its price of €1.76 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 6.0% over the same period. Aankondiging • Dec 23
KBS Fashion Group Limited (NasdaqCM:KBSF) acquired Flower Crown Holding from Happy Brilliance Limited, Bronze Chrome Limited, Peace Venus Limited, Opus Fame Limited and Treasure Root Limited for $6.8 million. KBS Fashion Group Limited (NasdaqCM:KBSF) signed a share exchange agreement to acquire Flower Crown Holding from Happy Brilliance Limited, Bronze Chrome Limited, Peace Venus Limited, Opus Fame Limited and Treasure Root Limited for $6.8 million on December 9, 2020. Under the terms of the transaction, KBS Fashion Group Limited will issue 0.26 million common shares. The transaction is subject to due diligence and Listing of additional shares to NASDAQ stock market. Joe Laxague of The Crone Law Group P.C. acted as the legal advisor for KBS Fashion Group Limited.
KBS Fashion Group Limited (NasdaqCM:KBSF) completed the acquisition of Flower Crown Holding from Happy Brilliance Limited, Bronze Chrome Limited, Peace Venus Limited, Opus Fame Limited and Treasure Root Limited on December 21, 2020. Flower became a wholly-owned subsidiary of KBS Fashion Group Limited. Post-closing, Zhen Hong Wei resigned as a member of the Board of Directors. The Board of Directors appointed three new directors: Li Hui Dan, who will also serve as Co-Chairman of the Board, Lei Sun, and Yu Chuan Bin, increasing the size of the Board from seven to nine. Keyan Yan resigned from his position of Chief Executive Officer but will continue to serve as Co-Chairman of the Board, a Director and interim Chief Financial Officer. The Board appointed Lei Sun, the largest shareholder of Flower, as Chief Executive Officer of KBS Fashion Group Limited. Each new Director will serve until the next annual meeting of shareholders of KBS Fashion Group Limited or until removed by other actions, in accordance with the Company’s bylaws. Is New 90 Day High Low • Oct 22
New 90-day high: €2.82 The company is up 47% from its price of €1.92 on 24 July 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 13% over the same period. Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total losses of US$3.85m, with losses narrowing by 74% from the prior year. Total revenue was US$11.9m over the last 12 months, down 38% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: €1.35 The company is down 37% from its price of €2.14 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 17% over the same period. 
