Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 203

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 203
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694,862 |
| 2027                  |     |            |   674,982 |
| 2028                  |     |            |    11,906 |
| 2029 and Thereafter   |     |            |         - |
|                       |     |            | 2,037,242 |

F - 26 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022 9. BANK LOANS(cont.)

JLHK entered into (as renewed
or supplemented yearly where required) several banking facilities with banks in Hong Kong. The banking facilities were secured, details
of which are set out as follows:

| (a) | Unlimited joint or personal guarantee by the Controlling                                             
 Shareholder Mr. Danny Tze Ching Wong and an immediate family member of Mr. Danny Tze Ching Wong; and |

| (b) | Legal charge over properties beneficially owned by JLHK (Note 8),                                                
 the Controlling Shareholder Mr. Danny Tze Ching Wong and an immediate family member of Mr. Danny Tze Ching Wong. |

10. accruals and other current liabilities

Account payable, accruals and
other current liabilities consists of the following:

|                  |     |     As of 
 March 31, |         |     |      |         |
|                  |     |      2023 |         |     | 2024 |         |
|                  |     |       USD |         |     |  USD |         |
| Other payables   |     |           |  84,547 |     |      | 299,971 |
| Accrued expenses |     |           | 197,444 |     |      | 451,534 |
| Deposit Received |     |           |       - |     |      |   9,487 |
|                  |     |           | 281,991 |     |      | 760,992 |

11. Accumulated other comprehesive loss

|                                                                       |     | Unrealized loss on investment in marketable 
 debt securities                             |         |   |     |              |         |   |     |            |         |   |     |       |         |   |
|                                                                       |     | Before tax                                  
 amount                                      |         |   |     | Income tax   
 (expense) or 
 benefit      |