Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 49

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 49
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 | changes in the economic performance or market valuations 
 of other apparel manufacturing firms;                    |

| ● | actual or anticipated fluctuations in our reported results      
 of operations and changes or revisions of our expected results; |

| ● | changes in financial estimates by securities research analysts; |

| ● | detrimental negative publicity about us, our services, our 
 officers, directors, business partners or industry;        |

| ● | announcements by us or our competitors of new service offerings,                                
 acquisitions, strategic relationships, joint ventures, capital raisings or capital commitments; |

| ● | additions to or departures of our senior management; |

| ● | litigation or regulatory proceedings involving us, our officers 
 or directors;                                                   |

| ● | release or expiry of lock-up, leak-out or other transfer 
 restrictions on our outstanding Ordinary Shares; and     |

| ● | sales or perceived potential sales of additional Ordinary 
 Shares.                                                   |

Any of these factors may result in large and sudden changes in the volume and price at which our Ordinary Shares trade. As a result of this volatility, investors may experience losses on their investment in our Ordinary Shares. A decline in the market price of our Ordinary Shares also could adversely affect our ability to issue additional Ordinary Shares and our ability to obtain additional financing in the future. No assurance can be given that an active market in our Ordinary Shares will develop or be sustained. If an active market does not develop, holders of our Ordinary Shares may be unable to readily sell the shares they hold or may not be able to sell their shares at all. In the past, shareholders of public companies have often brought securities class action suits against those companies following periods of instability in the market price of their securities. If we were involved in a class action suit, it could divert a significant amount of our management’s attention and other resources from our business and operations and require us to incur significant expenses to defend the suit, which could harm our results of operations. Any such class action suit, whether or not successful, could harm our reputation and restrict our ability to raise capital in the future. In addition, if a claim is successfully made against us, we may be required to pay significant damages, which could have a material adverse effect on our financial condition. 26 Our Ordinary Shares are trading under $5.00 per share and thus are known as a “penny stock.” Trading in penny stocks has certain restrictions, and these restrictions could negatively affect the price and liquidity of our Ordinary Shares. As of July 15, 2024, our Ordinary