Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 212

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 212
---
 net                     91,971                92,026  

The significant components
of the Company’s deferred tax assets and liabilities are as follows:

                                                           As of                                            
                                                           March 31,                                        
                                                           2024                         2025                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                           USD                          USD                 
  Deferred tax assets:                                                                                      
  Property, plant and equipment                                           ( 22,940                ( 22,885  
  Impairment provision for inventories                                      78,705                  78,705  
  Allowance for credit loss                                                  3,761                   3,761  
  Impairment provision for marketable debt securities                       32,445                  32,445  
  Tax loss carryforwards                                                         —                  33,023  
  Total deferred tax assets                                                 91,971                 125,049  
  Less: Valuation allowance                                                      —                  33,023  
  Net deferred tax assets                                                   91,971                  92,026  

As of March 31, 2024
and 2025, the Company had no unrecognized tax benefit. Tax loss carry forwards by JLVN of approximately $165,000expire over the next
five years.

F-30

J-LONG GROUP LIMITED

15. CAPITAL
STOCK

  Ordinary      Shares  

We were incorporated as a Cayman Islands business company under the
laws of the Cayman Islands on July 25, 2022. At incorporation, we were authorized to issue a maximum of50,000,000shares consisting of50,000,000ordinary shares, par value US$0.0001each. By the adoption of the written resolutions of the shareholders and written resolutions
of the directors dated November 8, 2023, the Company’s authorized share capital was increased to US$51,000. On November 8, 2023,
the Company effected a stock split whereby each3issued and outstanding ordinary share were divided into8ordinary share. As a result
of the share split, there were30,000,000ordinary shares issued and outstanding, par value of US$0.0000375each. After Listing, there
are additional1,400,000ordinary shares issued and outstanding which in total31,400,000ordinary shares issued and outstanding as at
24 Jan 2024. As of December 10, 2024, every10shares of the Company’s issued and outstanding Ordinary Shares