Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 216

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 216
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 both current
and noncurrent portions, in the amount of USD and USD respectively, and the corresponding operating lease right-of-use assets
of USD and USD respectively, for carpark lease.

F - 33 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022

During October 2023, the Company
entered into three lease agreements with Everlink Enterprises Limited, which is wholly owned by Mr. Danny Tze Ching Wong, for J-Long’s
office and warehouse lease. The lease term is two years. We paid aggregate rent related to J-Long’s office and warehouse was
USD and USD for the year ended March 31, 2023 and 2024, respectively. Those lease agreements have been renewed during
May 2024, the lease term is , and the monthly rent is USD, USD and USD respectively. As of March 31, 2023
and 2024, the Company recognized operating lease liabilities, including both current and noncurrent portions, in the amount of USD
and USD respectively, and the corresponding operating lease right-of-use assets of USD and USD respectively, for J-Long’s
office and warehouse lease.

| j. | Rental income from related party |

Mr. Danny Tze Ching Wong was living in one of the properties which was held by the Company. For the year ended March 31, 2024, the Company’srental
income from related party was approximately USD 76,923.

| k. | Dividend payable to related party |

As at March 31, 2024, there are USD 400,455of dividend payable to Mr. Danny Tze Ching Wong, which is presented as dividends payable in the Consolidated balance sheet.

19. SUBSEQUENT EVENTS The Company has assessed all events from March 31, 2024, up through the date that these consolidated financial statements are available to be issued, and unless disclosed below, there are not any material subsequent events that require disclosure in these consolidated financial statements. Dividends paid by cash On April 3, 2024, USD 400,455of dividend payable was fully repaid by cash to Mr. Danny Tze Ching Wong. F - 34 ITEM 19. EXHIBITS EXHIBIT INDEX

| Exhibit 
 Number  
 1.1     
 1.2     |