JX Luxventure Ltd., a corporation organized under the laws of the Republic of Marshall Islands, has announced a significant financial development involving the conversion of its promissory notes into preferred shares. On April 22, 2025, the company entered into a debt exchange agreement with holders of promissory notes worth a total of $1,380,000. In accordance with the agreement, these notes were exchanged for 69,000 shares of the newly designated Series F Convertible Preferred Stock. Each holder received 11,550 shares of this preferred stock in cancellation of their outstanding debt. The Series F Stock, which has a stated value of $20.00 per share, can be converted into common stock of the company at a conversion rate of 1 for 100, subject to a specified conversion schedule. This strategic move is part of JX Luxventure's ongoing efforts to manage its financial obligations effectively.