Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 19

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 19
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 actions adopted by the PRC government, the Chairman
of the SEC issued a statement asking the SEC staff to seek additional disclosures from offshore issuers associated with PRC-based operating
companies (including Hong Kong) before their registration statements will be declared effective. On August 1, 2021, the CSRC
issued a statement saying that it had taken note of the new disclosure requirements announced by the SEC regarding the listings of such
companies and the recent regulatory development in China, and that both countries should strengthen communications on regulating China-related
issuers. Since we mainly operate in Hong Kong, we cannot guarantee that we will not be subject to tightened regulatory review and
we could be exposed to government interference from China.

We
may become subject to a variety of PRC laws and other obligations regarding data security with respect to offerings that are conducted
overseas and/or foreign investment in China-based issuers, and any failure to comply with applicable laws and obligations could have
a material and adverse effect on our business, financial condition, and results of operations and may hinder our ability to offer or
continue to offer Ordinary Shares to investors and cause our Ordinary Shares to significantly decline in value or become worthless.

On
June 10, 2021, the Standing Committee of the National People’s Congress enacted the PRC Data Security Law, which took effect
on September 1, 2021. The law requires data collection to be conducted in a legitimate and proper manner, and stipulates that, for
the purpose of data protection, data processing activities must be conducted based on data classification and hierarchical protection
system for data security.

On
July 6, 2021, the General Office of the Communist Party of China Central Committee and the General Office of the State Council jointly
issued a document to crack down on illegal activities in the securities market and promote the high-quality development of the capital
market, which, among other things, requires the relevant governmental authorities to strengthen cross-border oversight of law-enforcement
and judicial cooperation, to enhance supervision over China-based companies listed overseas, and to establish and improve the system
of extraterritorial application of the PRC securities laws.

On
July 10, 2021, the CAC issued the Measures for Cybersecurity Review for public comments (the “ Revised Draft”), which
required that, among other things, in addition to “operator of critical information infrastructure,” any “data processor”
controlling personal information of no less than one million users which seeks to list on