Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 176

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 176
---
 establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Under the supervision and with the participation of management, including the Chief Executive Officer and Chief Financial Officer, the Company conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of March 31, 2024 using the criteria established in “Internal Control - Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. In its assessment of the effectiveness of internal control over financial reporting as of March 31, 2024, the Company determined that our internal control over financial reporting was not effective. The material weaknesses identified were as follows:

| ● | the lack of sufficient competent financial reporting and                                                                             
 accounting personnel with appropriate understanding of US GAAP and SEC rules and regulations to address complex technical accounting 
 issues and SEC reporting requirements;                                                                                               |

| ● | limited controls over information processing due to the small                                            
 size of the Company and the lack of a sufficient number of experienced accounting and finance personnel; |

| ● | inadequate segregation of duties consistent with control        
 objectives, as management was composed of only two persons; and |

| ● | lack of formal policies and procedures necessary to adequately                                 
 review significant accounting transactions and the accounting treatment of those transactions. |

113 This Annual Report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to the exemption provided to issuers that are not “large accelerated filers” nor “accelerated filers” under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Changes in Internal Control over Financial Reporting During the