Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 118

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 5
Chunk 118
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 of $400,455, Loan from related party of $200,000,
net repayment to related parties of $313,998 and Proceeds from contributions by noncontrolling interests of $490,000.

For the year ended March 31,
2024, net cash provided by financing activities was $701,902 which was due to the repayment of bank loans of $603,790, payment of offering
costs of $1,055,100, payment of dividend of $1,676,750, net repayment to related parties of $2,302,925 and net off with the result of
the proceeds from the issuance of Ordinary Shares net of issuance cost of $6,340,537.

For the year ended March
31, 2023, net cash used in financing activities was $5,422,750, which was due to the repayment of bank loans of $1,661,125, payment of
offering costs for legal and professional parties engaged for the preparation of the listing of the Company’s Ordinary Shares and
the net repayment to related parties of $2,771,832.

Capital Expenditures

We had capital expenditures
of $1,021,495, $198,701 and $49,960 for the fiscal years ended March 31, 2025, 2024 and 2023, respectively. Our capital expenditures
were mainly for the acquisition of machinery and equipment and leasehold improvement for JLVN in the fiscal year ended March 31, 2025
and furniture and fixtures for JLHK for the fiscal years ended March 31, 2024 and 2023.

Off-Balance Sheet Arrangements

We have no off-balance sheet
arrangements, including arrangements that would affect the Company’s liquidity, capital resources, market risk support, credit
risk support or other benefits.

Trend Information

Other than as disclosed
elsewhere in this annual report, the Company is not aware of any trends, uncertainties, demands, commitments or events that are reasonably
likely to have a material effect on net revenues, incomes from operations, profitability, liquidity or capital resources, or that would
cause reported financial information not necessarily to be indicative of future operating results or financial condition.

Contingencies

The Company may be involved
in various legal proceedings, claims and other disputes arising from the commercial operations, projects, employees and other matters
which, in general, are subject to uncertainties and in which the outcomes are not predictable. The Company determines whether