Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 203

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 203
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.)

In January 2017, the
Company bought the bond - BLUE SKYVIEW Co. Ltd7.125% Perpetual Corp at the consideration of USD200,200with no maturity
date and there was no credit rating of the bond.

At March 31, 2024 and
2025, the cost, net of allowance for credit losses, gross unrealized gains and losses and fair value of investment in marketable debt
securities were as follow:

  March 31, 2024         Cost                   Gross           Gross           Allowance                      Fair Value  
                                                Unrealized      Unrealized      for Credit                                 
                                                Gains,          Losses,         Losses                                     
                                                before tax      before tax                                                 
                         USD                    USD             USD             USD                            USD         
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Corporate Bonds                  198,916                                                      ( 196,641                  
  Total Investments                198,916                                                      ( 196,641                  

  March 31, 2025         Cost                   Gross           Gross           Allowance                      Fair Value  
                                                Unrealized      Unrealized      for Credit                                 
                                                Gains,          Losses,         Losses                                     
                                                before tax      before tax                                                 
                         USD                    USD             USD             USD                            USD         
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Corporate Bonds                  198,916                                                      ( 196,696                  
  Total Investments                198,916                                                      ( 196,696                  

Impairment Losses on Investment
in Marketable Debt Securities

For the fiscal years
ended March 31, 2025, 2024 and 2023, losses resulting from the impairment of investment in marketable debt securities to reflect
the decline in value considered to be other-than-temporary were USD55, USD42,291and USD60,754, respectively.

F-20

J-LONG GROUP LIMITED

3. INVESTMENT IN MARKETABLE DEBT SECURITIES(cont.)

The management assesses
whether it is likely the Company will have to sell the security prior to recovery, or it expects to be able to hold the security until
the price recovers. Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information
and information obtained from regulatory filings, we believe the declines in fair value for the bond are other than temporary. Declines
in fair