JX Luxventure Ltd. Announces Reduction in Equity Incentive Plan Share Reserve to Curb Shareholder Dilution
JX Luxventure Group Inc., a corporation organized under the laws of the Republic of Marshall Islands, has announced an amendment to its New 2022 Equity Incentive Plan. On August 1, 2025, the company's board of directors and shareholders representing 52% of the total issued capital stock approved a reduction in the maximum number of shares of common stock authorized for issuance. The maximum reserve was decreased from 25,000,000 shares to 10,000,000 shares. This decision aims to reduce further dilution for existing shareholders. The amendment follows a previous increase in the reserve from 1,000,000 to 25,000,000 shares earlier in May 2025. The details of the amendment are filed as Exhibit 10.1 in the company's report on Form 6-K.
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