Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 205

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 205
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,971 |   |     |      |   3,761 |   |
| Impairment provision for marketable debt securities           |     |           |  25,468 |   |     |      |  32,445 |   |
| Fair value change in investment in marketable debt securities |     |           |      82 |   |     |      |       - |   |
| Total deferred tax assets                                     |     |           |  79,626 |   |     |      |  91,971 |   |
| Net deferred tax assets                                       |     |           |  79,626 |   |     |      |  91,971 |   |

As of March 31, 2023
and 2024, the Company had no unrecognized tax benefit.

F - 29 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022

15. CAPITAL STOCK

| (1) | Ordinary 
 Shares   |

We were incorporated as a Cayman
Islands business company under the laws of the Cayman Islands on July 25, 2022. At incorporation, we were authorized to issue a maximum
of shares consisting of ordinary shares, par value US$ each. By the adoption of the written resolutions of
the shareholders and written resolutions of the directors dated November 8, 2023, the Company’s authorized share capital was increased
to US$. On November 8, 2023, the Company effected a stock split whereby each issued and outstanding ordinary share were divided
into ordinary share. As a result of the share split, there were ordinary shares issued and outstanding, par value of US$
each. After Listing, there are additional ordinary shares issued and outstanding which in total ordinary shares issued
and outstanding as at 31 March 2024.

| (2) | Dividend declared |

On February 29,2024, the
Company’s Board of Directors declared a special cash dividend of an aggregate of USD million and payable on March 12, 2024. USD
was paid in cash, USD was fully settled by directly deducting the dividend amount from the amount due fromthe shareholders and USD was not yet settled as at March 31, 2024. Dividend declared but
not yet settled, is presented as dividends payable in the Consolidated balance sheet.

16. REVEN