Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 15

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 15
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 JLHK are not required to obtain any permissions or approvals pursuant to the Trial Measures, the CSRC Notice and Guideline 7 before issuing our Ordinary Shares to foreign investors or listing on an overseas exchange. Given that our operating revenue, total profit, total assetsor net assets were not derived from PRC domestic companies, the majority of our business activities are not carried out in mainland China, our main place of business is located in Hong Kong and not in mainland China and the majority of our senior management team in charge of our business operations and management are not PRC citizens and do not have their usual place(s) of residence located in mainland China, we do not fall within the definition of a domestic enterprise and, accordingly, are not subject to the filing requirements of the Trial Measures, the CSRC Notice and Guideline 7. No such permissions or approvals have been applied for by the Company and/or its subsidiaries or denied by any relevant authorities. However, as the Trial Measures, the CSRC Notice and Guideline 7 are newly published and there exists uncertainty with respect to their implementation and interpretation, it is highly uncertain whether our public offering and listing on Nasdaq will be deemed an “indirect overseas offering and listing by companies in mainland China” and subject to the filing procedures. If we are subject to the filing requirements, we cannot assure you that we will be able to complete such filings in a timely manner or at all. See “Risk Factors — Risks Related to Doing Business in Hong Kong — 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 the value of our Ordinary Shares to significantly decline or be worthless” on page 14 of this Annual Report. 8 Cybersecurity Review Measures On January 4, 2022, the CAC, the NDRC and several other administrations jointly adopted and published the revised Cybersecurity Review Measures (“CRM”), which took effect on February 15, 2022 and replaced the Revised Draft issued on July 10, 2021. Pursuant to the revised CRM, if a network platform operator holding personal information of over one million users seeks “foreign” listing, it must apply for cybersecurity review. In addition, operators of critical information infrastructure purchasing