Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 215

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 215
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───────────────────────────────────────────────────────────────
                                                          USD                                     USD                   
  Name                                                                                                                  
  Guangdong Rongmian Accessories Technology Co., Ltd                               5,853,973                 7,773,382  
  New Sole (Shanghai) Technology Ltd                                                 308,093                 2,198,891  
  Jiaxing Newsole Reflective Material Co., Ltd.                                    1,250,837                   990,417  
  J-Long Vietnam Company Limited                                                           —                    66,110  
  Total                                                                            7,412,903                11,028,800  

  Administrative service provided by related party  

                                      For the Years Ended                         
                                      March 31,                                   
                                      2024                     2025               
 ──────────────────────────────────────────────────────────────────────────────────
                                      USD                      USD                
  Name                                                                            
  J-Long Vietnam Company Limited                                         128,539  

  Other related party  

Mr. Danny Tze Ching
Wong provide guarantee in connection with certain loans the Company borrowed (see Note 9).

F-35

  Operating lease with  

During April 2022, the Company
entered into four lease agreements with Charm Vision Holdings Limited, which is99.9% owned by Mr. Danny Tze Ching Wong, for J-Long’s
office and warehouse. The lease term is two years. We paid aggregate rent related to J-Long’s office and warehouse was USD216,831and USD216,831for the year ended March 31, 2023 and 2024, respectively. Those lease agreements have been renewed during
May 2024, the lease term istwo years, and the monthly rent is USD1,564, USD2,812, USD5,460and USD2,812respectively. As of March 31,
2024 and 2025, the Company recognized operating lease liabilities, including both current and noncurrent portions, in the amount of USD
nil and USD159,090respectively, and the corresponding operating lease right-of-use assets of USD niland USD155,058respectively,
for J-Long’s office and warehouse lease.

During January 2023, the
Company entered into a lease agreement with Charm Vision Holdings Limited, which is99.9% owned by Mr. Danny Tze Ching Wong, for
the carpark. The lease term is two years. We paid aggregate rent related to carpark was USD3,077