Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 68

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 68
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. In the event we are not eligible for the additional grace period, we may appeal the determination to a Nasdaq hearings panel or consider transferring the listing and trading of our Ordinary Shares to the OTC Market. See “Item 3D - Risk Factors - Risks Related to Our Securities - We may not be able to maintain compliance with Nasdaq’s continued listing requirements” for information regarding the effects of transferring trading to the OTC Markets. We intend to continuously monitor the closing bid price of our Ordinary Shares. Receipt of the Nasdaq Notification has no effect on our business operations. 36 Organizational Chart The chart below illustrates our corporate structure and identifies our subsidiaries as of the date of this Annual Report: Subsidiaries A description of our subsidiaries is set out below. Stratum Star Limited.On August 24, 2022, Stratum Star Limited (“Stratum Star”) was incorporated under the laws of the British Virgin Islands as an intermediate holding company of JLHK. Stratum Star is a wholly-owned subsidiary of the Company. J-Long Limited (Hong Kong).On December 13, 1985, J-Long Limited (Hong Kong) (“JLHK”) was incorporated as a company with limited liability under the laws of Hong Kong. JLHK is a wholly-owned subsidiary of Stratum Star and is our Operating Subsidiary engaged in business operations in Hong Kong. Alpine Eagle Limited.On August 24, 2022, Alpine Eagle Limited (“Alpine Eagle”) was incorporated under the laws of the British Virgin Islands as an intermediate holding company of Sun Choice Enterprises Limited. Alpine Eagle is a wholly-owned subsidiary of the Company. Sun Choice Enterprises Limited.On November 10, 2017, Sun Choice Enterprises Limited (“Sun Choice”) was incorporated as a company with limited liability under the laws of Hong Kong. Sun Choice is a wholly-owned subsidiary of Alpine Eagle and does not currently engage in business operations. BUSINESS OF J-LONG LIMITED (HONG KONG) Overview We are a holding company incorporated in the Cayman Islands with operations conducted by our Operating Subsidiary in Hong Kong, JLHK. We are an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pulls and drawcords. We have nearly 30 years of experience in the apparel industry and have served over 100 international brands globally, including outerwear and sportswear brands, uniform and safety workwear brands and