SCHEDULE: Huidan Li Amends JX Luxventure Stake to 6.66%

Huidan Li has filed an amendment to Schedule 13D, increasing their beneficial ownership of JX Luxventure Group Inc. common stock to 6.66% following a series of stock grants and debt conversion.

Summary

• Huidan Li has filed Amendment No. 1 to Schedule 13D, updating their beneficial ownership of JX Luxventure Group Inc. common stock.
• The reporting person now beneficially owns 935,807 shares, representing 6.66% of the class of securities outstanding as of October 16, 2026.
• This filing reflects adjustments for several reverse stock splits: a 1-for-10 effective April 26, 2023, a 1-for-4 effective December 27, 2024, and a 1-for-15 effective November 21, 2025.
• The increase in ownership is attributed to shares granted as compensation for services as a director and officer, and the conversion of a promissory note.
• Specifically, shares were granted on September 1, 2021 (333 shares), May 4, 2022 (167 shares), January 3, 2026 (35,000 shares), and October 15, 2026 (250,000 shares).
• Additionally, 650,307 shares were acquired on March 6, 2026, in exchange for the cancellation of $2,120,000 owed under a promissory note dated April 21, 2025.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral to slightly negative score due to the nature of a Schedule 13D filing, which typically indicates a change in beneficial ownership and can sometimes precede activist investor actions or signal internal shifts. The lack of significant new financial information or strategic announcements limits a more positive assessment.

Positives

• Huidan Li's beneficial ownership has increased, indicating continued investment and commitment to JX Luxventure Group Inc.
• The acquisition of shares through debt cancellation suggests a strengthening of the company's balance sheet by reducing outstanding liabilities.
• The reporting person has received shares as compensation for services, aligning their interests with the company's performance.

Negatives

• The filing is an amendment to a Schedule 13D, which can sometimes signal potential activist intentions or a change in control dynamics.
• The significant number of reverse stock splits could indicate past struggles with share price or market perception.
• The conversion of a substantial promissory note ($2,120,000) into equity might suggest the company's inability to repay the debt in cash.

Risks

• Potential for increased scrutiny or influence from Huidan Li, given their increased beneficial ownership.
• The company has undergone multiple reverse stock splits, which may reflect underlying financial or market challenges.
• The reliance on equity grants and debt-for-equity swaps for increasing ownership could indicate cash flow constraints.

Future Outlook

The filing does not contain specific forward-looking statements or guidance. It primarily serves to update beneficial ownership information.

Management Comments

• "The percentage is based on 14,059,877 shares of common stock, $0.0001 par value per share (the 'Common Stock') of the Issuer outstanding as of October 16, 2026."
• "The share information of Common Stock in this Schedule 13D has been retroactively adjusted, to give effect to a 1-for-10 reverse stock split of the Issuer Common Stock, effective as of April 26, 2023, a 1-for-4 reverse stock split of the Issuer's Common Stock, effective as of December 27, 2024 and a 1-for-15 reverse stock split of the Issuer's Common Stock, effective as of November 21, 2025 (the 'Reverse Stock Splits')."
• "Except as specifically provided herein, Amendment No. 1 does not modify any of the information previously reported in Schedule 13D."
• "The share and per share information of Common Stock in Amendment No. 1 reflects the Reverse Stock Splits."

Industry Context

StockSavvy.ai notes that Schedule 13D filings are common in the financial industry, often signaling significant changes in a shareholder's stake. For a company like JX Luxventure Group Inc., which has undergone multiple reverse stock splits, such filings can draw attention to its capital structure and potential strategic shifts.

Related Party Transactions

• Huidan Li acquired 650,307 shares of Common Stock from the Issuer in exchange for cancellation of $2,120,000 owed under a promissory note dated April 21, 2025.
• Huidan Li received grants of Common Stock as compensation for services as director and officer of the Issuer on multiple dates.

Stakeholder Impact

• Shareholders: Increased ownership by Huidan Li may lead to shifts in voting power and potential influence on corporate decisions.
• Creditors: The conversion of a promissory note into equity reduces the company's debt obligations, potentially improving its financial standing with other creditors.
• Management/Employees: Equity grants to Huidan Li as compensation align their interests with the company's performance.

Next Steps

• Huidan Li will continue to hold and potentially adjust their beneficial ownership in JX Luxventure Group Inc.
• Future amendments to Schedule 13D may be filed if there are further material changes in beneficial ownership.

Key Dates

Keywords

JX Luxventure Group Inc., Schedule 13D, Beneficial Ownership, Huidan Li, Equity Incentive Plan, Promissory Note, Reverse Stock Split