Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 202

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 202
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 per share
is computed by dividing net earnings attributable to common shareholders by the weighted average number of common shares outstanding
during the year. Diluted earnings per share is calculated by dividing net income attributable to common shareholders by the weighted
average number of common and dilutive common equivalent shares outstanding during the period. Common equivalent shares are not included
in the denominator of the diluted loss per share calculation when inclusion of such shares would be anti-dilutive.

Recent accounting pronouncements

The Company is an “emerging
growth company” (“ EGC”) as defined in the Jumpstart Our Business Startups Act of 2012 (the “ JOBS Act”).
Under the JOBS Act, EGC can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until
such time as those standards apply to private companies.

The Company has adopted Accounting
Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This standard enhances
segment reporting by requiring disclosure of significant segment expenses, improving interim disclosures, clarifying the use of multiple
segment profit or loss measures, adding requirements for single-segment entities, and including other disclosure improvements.

Other FASB-issued standards
not yet effective are not expected to materially affect the Company’s consolidated financial statements. The Company will not discuss
standards unlikely to impact its financial condition, results of operations, cash flows, or disclosures.

3. INVESTMENT IN MARKETABLE DEBT SECURITIES

Investment in marketable
debt securities consist of investments in listed corporate bonds and are accounted for as available-for-sale investments. Management
determines the appropriate classification of its investment in marketable debt securities at the time of purchase and reevaluates the
classifications at each balance sheet date. Investment in marketable debt securities are carried at fair value, with unrealized gains
and losses, net of taxes, reported in other comprehensive income, with the exception of unrealized losses believed to be other-than-temporary
which are recorded in the consolidated statements of operations. As of March 31, 2025 and 2024, investment in marketable debt securities
were carried at fair value. Fair values of investment in marketable debt securities were estimated using quoted market prices and were
classified as level 1 in the fair value hierarchy.

F-19

J-LONG GROUP LIMITED

3. INVESTMENT IN MARKETABLE DEBT SECURITIES(cont