Sun Lei 4

What Happened
Sun Lei, a 10% owner of JX Luxventure Group Inc. (JXG), acquired 2,100,000 shares of the company's common stock on April 10, 2026 at $2.99 per share, for a total value of $6,270,600. The transaction is reported as an "other acquisition or disposition" (code J) and represents a purchase-like acquisition rather than an open-market buy.

Key Details

• Transaction date: 2026-04-10; Reporting/filing date: 2026-04-20 (filing appears late vs. the usual 2-business-day Form 4 requirement).
• Price: $2.99 per share; Total value: $6,270,600.
• Shares acquired: 2,100,000.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The shares were issued in exchange for cancellation of $6,270,600 of loans made by Sun Lei to the company (debt-for-equity conversion).
• Transaction code: J (other acquisition or disposition).

Context
This was a debt-for-equity conversion (loan cancellation for shares), not an open-market purchase or sale. As a 10% owner, Sun Lei is a significant shareholder; such conversions can reflect balance-sheet adjustments rather than a direct signal about near-term market sentiment. The delayed filing date is noted and may be relevant for timeliness and transparency considerations.