Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 113

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 113
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 ended March 31, 2024, net cash provided by financing activities was $701,902 which was due tothe repayment of bank loans of $603,790, payment of offering costs of $1,055,100, payment of dividend of $1,676,750, net repayment to related parties of $2,302,925 and net off with the result of the proceeds from the issuance of Ordinary Shares net of issuance cost of $6,340,537. 70 For the year ended March 31, 2023, net cash used in financing activities was $5,422,750, which was due to the repayment of bank loans of $1,661,125, payment of offering costs for legal and professional parties engaged for the preparation of the listing of the Company’s Ordinary Shares and the net repayment to related parties of $2,771,832. For the year ended March 31, 2022, net cash used in financing activities was $2,177,561. Financing cash inflow includes effects of proceeds from new bank loans of $1,500,000, which were offset by (i) net payment to related parties of $2,715,646; and (ii) repayment of bank loans of $961,915. Capital Expenditures We had capital expenditures of $198,701, $49,960 and $83,454 for the fiscal years ended March 31, 2024 , 2023 and 2022, respectively. Our capital expenditures were mainly for the acquisition of furniture and fixtures. Off-Balance Sheet Arrangements We have no off-balance sheet arrangements, including arrangements that would affect the Company’s liquidity, capital resources, market risk support, credit risk support or other benefits. Trend Information Other than as disclosed elsewhere in this annual report, the Company is not aware of any trends, uncertainties, demands, commitments or events that are reasonably likely to have a material effect on net revenues, incomes from operations, profitability, liquidity or capital resources, or that would cause reported financial information not necessarily to be indicative of future operating results or financial condition. Contingencies The Company may be involved in various legal proceedings, claims and other disputes arising from the commercial operations, projects, employees and other matters which, in general, are subject to uncertainties and in which the outcomes are not predictable. The Company determines whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. Although the outcomes of these legal proceedings cannot