Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 113

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 113
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, 2024 was paid in cash on April 3, 2024. Each shareholder received approximately US$0.19 per share. During the year ended March 31, 2023, JLHK declared cash dividends of approximately US$2,423,077 to Stratum Star, which subsequently declared cash dividends of approximately US$2,423,077 to us as its holding company. Our Company, in turn, declared cash dividends of approximately US$2,423,077 to its shareholders, Mr. Danny Tze Ching Wong and Mr. Edwin Chun Yin Wong. During the year ended March 31, 2022, JLHK declared cash dividends of approximately US$2,948,718 to its then holding company, Sun Choice, which subsequently declared the dividend to its then shareholders, Mr. Danny Tze Ching Wong and Ms. Wai Fun Lui. See “Consolidated Financial Statements” found elsewhere in this Annual Report. 69 As of the date of this Annual Report, we currently intend to retain all available funds and future earnings, if any, for the operation and expansion of our business and do not anticipate declaring or paying any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments. If we determine to pay dividends on any of our Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds from our subsidiaries by way of dividend payments. JL is permitted under the laws of Cayman Islands and its memorandum and articles of association (as amended from time to time) to provide funding to its subsidiaries through loans or capital contributions. JLHK and Sun Choice are permitted under the laws of Hong Kong to provide funding to the Company through dividend distributions subject to certain statutory requirements of having sufficient profits. RESULTS OF OPERATIONS The following table sets forth a summary of the consolidated results of operations of the Company for the years indicated, both in absolute amount and as a percentage of its total revenues. For further information regarding the results of our operations, see our consolidated financial statements appearing elsewhere in this Annual Report.

|                                                                       |     | For the year ended 
 March 31,          |       2022 |   |     |     |       2023 |   |     |     |       202