Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 152

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 10
Chunk 152
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 below is a summary of
the significant differences between the provisions of the Companies Act applicable to us and the laws applicable to companies incorporated
in the State of Delaware.

This
discussion does not purport to be a complete statement of the rights of holders of our Ordinary Shares under applicable law in the Cayman
Islands or the rights of holders of the common stock of a typical corporation under applicable Delaware law.

Mergers
and Similar Arrangements

The
Companies Act permits mergers and consolidations between Cayman Islands companies and between Cayman Islands companies and non-Cayman
Islands companies. For these purposes, (a) “merger” means the merging of two or more constituent companies and the vesting
of their undertaking, property and liabilities in one of such companies as the surviving company, and (b) a “consolidation”
means the combination of two or more constituent companies into a consolidated company and the vesting of the undertaking, property and
liabilities of such companies to the consolidated company. In order to effect such a merger or consolidation, the directors of each constituent
company must approve a written plan of merger or consolidation, which must then be authorized by (a) a special resolution of the
shareholders of each constituent company, and (b) such other authorization, if any, as may be specified in such constituent company’s
articles of association. The plan must be filed with the Registrar of Companies of the Cayman Islands together with a declaration as
to the solvency of the consolidated or surviving company, a statement setting out the assets and liabilities of each constituent company
and an undertaking that a copy of the certificate of merger or consolidation will be given to the members and creditors of each constituent
company and that notification of the merger or consolidation will be published in the Cayman Islands Gazette. Court approval is not required
for a merger or consolidation which is effected in compliance with these statutory procedures.

A
merger between a Cayman Islands parent company and its Cayman Islands subsidiary or subsidiaries does not require authorization by a
resolution of shareholders. For this purpose a subsidiary is a company of which at least ninety percent (90%) of the issued shares entitled
to vote are owned by the parent company.

The
consent of each holder of a fixed or floating security interest over a constituent company is required unless this requirement is waived
by a court in the Cayman Islands.

Save
in certain circumstances, a dissentient shareholder of a Cayman Islands constituent company is entitled to payment