Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 45

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 45
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 adversely affected. As of the date of this Annual Report, we have not experienced any delay which led to material cancellation of
orders from our customers.

We
rely on our manufacturing services suppliers to convert and manufacture our products.

We
do not own or operate any manufacturing operations to convert or produce our products. We rely on a list of manufacturing services suppliers
that were approved by us and engage them for the production or conversion process. We have no long-term agreements with any of these
manufacturing services suppliers and we compete with their other clients for production capacity. If we experience significant increase
in demand, or if we need to replace an existing manufacturing supplier, we may be unable to locate additional manufacturing capacity
on terms that are acceptable to us, or at all, or we may be unable to locate any manufacturing supplier with sufficient capacity to meet
our customer’s requirements or to fill our orders in a timely manner. Even if we can find new manufacturing services suppliers,
we may encounter delays in production and added costs as a result of the time it takes for the new manufacturing services suppliers to
adapt to our methods, products, logistic arrangements and quality control standards. Any delays, interruption, or increased costs in
manufacture could have an adverse effect on our ability to meet customer demand and result in lower net revenue and income from operations
both in the short and long term.

Our
business is substantially dependent on our relationship with our major suppliers. Changes or difficulties in our relationships with our
suppliers may harm our business and financial results.

Our
business is substantially dependent on our relationship with our major suppliers. We consider
major suppliers in each period to be those suppliers that accounted for more than 10% of
overall purchases in such period. For the fiscal year ended March 31, 2025, two major suppliers
accounted for approximately 14% and 29% of our total purchases. For the fiscal year ended
March 31, 2024, three major suppliers accounted for approximately 20%, 29% and 11% of our
total purchases. For the fiscal year ended March 31, 2025, two major suppliers accounted
for approximately 10% and 41%. For the fiscal year ended March 31, 2024, three major suppliers
accounted for approximately 32%, 17% and 13% of our total consolidated accounts payable.
We generally do not enter into any long-term agreements with our suppliers, including our
U. S. licensor and its