Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 206

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 206
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 goods       |     |           | 6,146,499 |   |     |      | 4,926,130 |   |
| Impairment provision |     |           |  (360,883 | ) |     |      |  (476,998 | ) |
| Inventories, net     |     |           | 5,785,616 |   |     |      | 4,449,132 |   |

Impairment expenses were USD190,,
USD Nil and USD116, recognized for the year ended March 31, 2022, 2023 and 2024, respectively. Inventories recognized in cost
of goods sold were USD29,, USD28, and USD21, for the year ended March 31, 2022, 2023 and 2024, respectively.

6. PREPAID EXPENSES AND OTHER CURRENT AND NON-CURRENT ASSETS, NET

Prepaid expenses and other
current assets consists of the following

|                        |     |     As of 
 March 31, |         |     |      |         |
|                        |     |      2023 |         |     | 2024 |         |
|                        |     |       USD |         |     |  USD |         |
| Other Receivables, net |     |           |  23,450 |     |      |  23,374 |
| Deposit                |     |           |  67,945 |     |      |  57,901 |
| Prepayment*            |     |           |  34,813 |     |      | 557,067 |
|                        |     |           | 126,208 |     |      | 638,342 |
| Non Current Portion    |     |           |       - |     |      |  11,252 |
| Current Portion        |     |           | 126,208 |     |      | 627,090 |
|                        |     |           | 126,208 |     |      | 638,342 |

| * | The balance mainly due to the prepaid for the consulting fees 
 and it will be utilized subsequently.                         |

7. Leases The Company leases office and warehouse spaces for varying periods in Hong Kong. As the majority of the leases do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company