Sun Lei details JX Luxventure (JXG) common and preferred stock stakes
Rhea-AI Filing Summary
JX Luxventure Group Inc. executive Sun Lei, who serves as CEO, Interim CFO and Co-Chair and is a more than 10% owner, filed an initial Form 3 reporting existing equity holdings. The filing lists direct ownership of 495,123 shares of common stock and indirect ownership of 350 common shares held through Happy Brilliance Limited, a Cayman Islands company fully owned and controlled by Sun Lei.
The disclosure also shows direct holdings of Series A, Series C and Series D Convertible Preferred Stock. These preferred shares are each convertible into the company’s common stock, with the filing indicating underlying common stock equivalents of 2,067 shares for the Series A, 1,250 shares for the Series C and 1,733 shares for the Series D. No new transactions, purchases or sales are reported; the form simply records Sun Lei’s existing ownership position at this time.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series A Convertible Preferred Stock | -- | -- | -- |
| holding | Series C Convertible Preferred Stock | -- | -- | -- |
| holding | Series D Convertible Preferred Stock | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
Footnotes (4)
- F1. These securities are directly held by Happy Brilliance Limited, a Cayman Islands company. Sun Lei (the "Reporting Person") has 100% ownership of Happy Brilliance Limited and the sole voting and dispositive power over the shares held by Happy Brilliance Limited.
- F2. Each share of Series A Convertible Preferred Stock is convertible into shares of the Issuer's common stock, par value $0.00001 per share ("Common Stock"), on the 1-for-600 basis (reflecting adjustments resulting from 1-for-10; 1-for-4 and 1-for-15 reverse stock splits of Common Stock effected between April 2023 and November 2025) and has no expiration date.
- F3. Each share of Series C Convertible Preferred Stock is convertible into shares of the Issuer's Common Stock on a 1-for-120 basis (reflecting adjustments resulting from 1-for-10; 1-for-4 and 1-for-15 reverse stock splits of Common Stock effected between April 2023 and November 2025) and has no expiration date.
- F4. Each share of Series D Convertible Preferred Stock is convertible into shares of the Issuer's Common Stock on a 1-for 46.1627 basis ((reflecting adjustments resulting from 1-for-10; 1-for-4 and 1-for-15 reverse stock splits of Common Stock effected between April 2023 and November 2025) and has no expiration date.
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