Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 203

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 203
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     | USD        |     | USD               |     | USD        |     | USD   |     | USD        |
| Corporate Bonds   |     | —                   |     | —          |     | —                 |     | —          |     | —     |     | —          |
| Total Investments |     | —                   |     | —          |     | —                 |     | —          |     | —     |     | —          |

| (1) | The                                                                                                                                              
 Company recorded an unrealized loss before tax of USD7,388 and unrealized loss before tax of nil for the year ended 2023 and 2024, respectively, 
 which is included in other comprehensive income.                                                                                                 |

F - 20 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022 3. INVESTMENT IN MARKETABLE DEBT SECURITIES(cont.)

The management assesses whether
it is likely the Company will have to sell the security prior to recovery, or it expects to be able to hold the security until the price
recovers. Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, we believe the declines in fair value for the bond are other than temporary. Declines in fair values that are considered other-than-temporary due to credit risk are recorded as an impairment loss in the Consolidated Statements of Operations and Comprehensive Income.

The Bonds was issued by the
listed company and the fair value was determined based on the market price in active market. The unrealized gain or loss was recognized
in other comprehensive income.

We recognized USD, USD
and USD of interest income on investment in marketable debt securities during the years ended March 31, 2022, 2023 and
2024, respectively. We do not measure a credit loss allowance on accrued interest receivable as we write off any accrued interest receivable
balance in a timely manner when we have concerns regarding collectability.

The bond — BLUE
SKYVIEW Co. Ltd % Perpetual Corp continuously deferred the distribution which is scheduled to be paid since July 26, 2020. Due
to the uncertainty of receiving the interest income, no accrued interest has been recorded during the years ended March 31,
2022, 2023 and 2024.

Credit Impairments

The following