Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 199

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 199
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 | ) |
| Balance at end of the year       |     |                    |  36,187 |   |     |     | 22,794 |   |

F - 22 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022

5. INVENTORIES

Inventories consisted of the
following:

|                      |     |     As of 
 March 31, |           |   |     |      |           |   |
|                      |     |      2023 |           |   |     | 2024 |           |   |
|                      |     |       USD |           |   |     |  USD |           |   |
| Finished goods       |     |           | 6,146,499 |   |     |      | 4,926,130 |   |
| Impairment provision |     |           |  (360,883 | ) |     |      |  (476,998 | ) |
| Inventories, net     |     |           | 5,785,616 |   |     |      | 4,449,132 |   |

Impairment expenses were USD190,,
USD Nil and USD116, recognized for the year ended March 31, 2022, 2023 and 2024, respectively. Inventories recognized in cost
of goods sold were USD29,, USD28, and USD21, for the year ended March 31, 2022, 2023 and 2024, respectively.

6. PREPAID EXPENSES AND OTHER CURRENT AND NON-CURRENT ASSETS, NET

Prepaid expenses and other
current assets consists of the following

|                        |     |     As of 
 March 31, |         |     |      |         |
|                        |     |      2023 |         |     | 2024 |         |
|                        |     |       USD |         |     |  USD |         |
| Other Receivables, net |     |           |  23,450 |     |      |  23,374 |
| Deposit                |     |           |  67,945 |     |      |  57,901 |
| Prepayment*            |     |           |  34,813 |     |      | 557,067 |
|                        |