Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 184

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 184
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 laws and the applicable rules and regulations of the Securities and Exchange
Commission and the PCAOB.

We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated
financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were
we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an
understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of
the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to
assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures
that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the
consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made
by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide
a reasonable basis for our opinion.

/s/ ZH CPA, LLC

We
have served as the Company’s auditor since 2022.

Denver,
Colorado

July
28, 2025

F-2

J-LONG GROUP LIMITED

                                                                                                                                                           For the year ended                  
                                                                                                                                                                    March 31,                  
                                                                                                                                                                         2024            2025  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                                                                                          USD             USD  
  Assets                                                                                                                                                                                       
  Current assets:                                                                                                                                                                              
  Cash and cash equivalents                                                                                                                                         4,161,818      10,669,134  
  Restricted cash                                                                                                                                                   1,000,000               —  
  Accounts receivable, net                                                                                                                                          2,349,374       3,102,393  
  Accounts receivable, net – related parties                                                                                                                           33,924               —  
  Investment in marketable debt securities                                                                                                                              2,275           2,220  
  Inventories                                                                                                                                                       4,449,132       3,066,276  
  Notes receivable                                                                                                                                                    143,112         103,522  
  Prepaid expenses and other current assets, net