Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 48

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 48
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 and capacity constraints, container shortages and other disruptions. This has
resulted, and may continue to result, in slower than planned deliveries of inventory and delayed sales to customers. If we experience
significant delays or disruption in receiving and distributing our products, this could have an adverse effect on our business, potentially
resulting in cancelled orders by customers, unanticipated inventory accumulation or shortages, increased expense (including air freight)
to deliver our products and reduced net revenues and net income or higher net loss.

We
face fierce competition from other players in the industry in which we operate.

The
reflective materials industry is highly fragmented and competitive due to the presence of numerous small to medium-sized players. We
face keen competition from numerous competitors operating on different scales in the reflective materials market. In view of the fierce
competition, we may have to adjust our profit margin and adopt a more competitive pricing strategy in order to maintain our position
in the market. In the event that we fail to differentiate ourselves from our competitors both locally and/or globally, we may not be
able to maintain our customer base and market share and our business, financial condition and results of operations may be adversely
affected.

We
may not be able to attract and retain our core management team and other key personnel for our operation

Our
success and growth depend on our on the knowledge, experience, and expertise of our management team who is responsible for overseeing
the financial condition and performance, sales and marketing, product design and development and formulating business strategies as well
as the ability to identify, hire, train and retain suitable, skilled and qualified employees. For example, Mr. Danny Tze Ching Wong
and Mr. Edwin Chun Yin Wong, our directors, each has accumulated approximately 37 and 12 years of experience respectively in
reflective, non-reflective materials and heat transfers of the apparel industry. See “ Management.” In particular, each of
our directors has made significant contribution to our success and has an indispensable value in guiding our future development. There
is no assurance that we will be able to continue to retain the services of any or all of our management team and key personnel. If any
of these personnel is unable or unwilling to continue to serve in his/her present position, and we are unable to find a suitable replacement
in a timely manner, at acceptable cost or at all, the loss of their services may cause disruption to our business and may have an adverse
impact on our ability to manage or operate our business effectively. The results