Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 6

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 6
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 for the foreseeable future”.

If
we determine to pay dividends on any of our Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds
from our subsidiaries by way of dividend payments. The Company is permitted under the laws of the Cayman Islands and its memorandum and
articles of association (as amended from time to time) to provide funding to its subsidiaries through loans or capital contributions.
JLHK and Sun Choice are permitted under the laws of Hong Kong to provide funding to the Company through dividend distributions subject
to certain statutory requirements of having sufficient profits.

Prior
Dividends Paid

On
February 29, 2024, our Board of Directors declared a special cash dividend in the aggregate amount of US$6,000,000 to be paid to all
holders of record of our outstanding ordinary shares as of March 11, 2024. As of March 31, 2024, US$1,676,750 had been paid in cash,
US$3,922,795 had been fully settled by directly deducting the dividend amount from the amount due from the shareholders and US$400,455
had not yet been paid. The dividend was paid on March 12, 2024 to three shareholders of record (including CEDE and Co. as shareholder
of record of 1,031,000 shares) based on 3,140,000 ordinary shares issued and outstanding. The US$400,455 that had not been paid as of
March 31, 2024 was paid in cash on April 3, 2024. Each shareholder received approximately US$1.90 per share. A U. S. Holder that receives
a distribution with respect to our Ordinary Shares generally will be required to include the gross amount of such distribution in gross
income as a dividend when actually or constructively received to the extent of the U. S. Holder’s pro rata share of our current
and/or accumulated earnings and profits (as determined under U. S. federal income tax principles). Dividends paid to our U. S. investors
generally will constitute passive income and income from sources outside the United States for foreign tax credit purposes. See Item
10. “ Additional Information - Material Income Tax Considerations - Material U. S. Federal Income Tax Considerations for U. S.
Holders

During
the year ended March 31, 2023, JLHK declared cash dividends of approximately US$2,423,077