Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 83

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 83
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 same day. On October 27, 2022, JLHK entered into a      
 lease agreement with Everlink, pursuant to which JLHK leased back the premises with a lease term from October 27, 2022 to October 26,      
 2024 at an annual rent of HK$730,080. On May 2, 2024, JLHK and Everlink entered into a new lease agreement with a two-year term commencing 
 May 1, 2024 and a reduced annual rent of HK$511,056.                                                                                       |

| (7) | On October 11, 2022, JLHK as vendor and Everlink as purchaser                                                                               
 entered into an agreement for the sale and purchase of Unit 8F and completed the sale of the property on October 13, 2022. On October       
 13, 2022, JLHK entered into a lease agreement with Everlink, pursuant to which JLHK leased back the premises with a lease term from October 
 13, 2022 to October 12, 2024 at an annual rent of HK$187,020. On May 2, 2024, JLHK and Everlink entered into a new lease agreement with     
 a two-year term commencing May 1, 2024 and a reduced annual rent of HK$130,920.                                                             |

| (8) | On October 20, 2022, JLHK as vendor and Everlink as purchaser                                                                           
 entered into an agreement for the sale and purchase of Unit 8Q and completed the sale of the property on the same day. On October 20,   
 2022, JLHK entered into a lease agreement with Everlink, pursuant to which JLHK leased back the premises with a lease term from October 
 20, 2022 to October 19, 2024 at an annual rent of HK$199,800. On May 2, 2024, JLHK and Everlink entered into a new lease agreement with 
 a two-year term commencing May 1, 2024 and a reduced annual rent of HK$139,860.                                                         |

52 We believe that our facilities are adequate to meet our needs for the immediate future and that, should it be needed, suitable additional space will be available on commercially reasonable terms to accommodate any expansion of our operations. Health, Work Safety, Social and Environmental Matters Due to the nature of our Operating Subsidiary’s business, our Operating Subs