Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 213

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 213
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 its business as a single operating segment. For the years ended March 31, 2024, 2023 and 2022, assets within Hong Kong contributed over 90% of the Company’s total assets. Revenue within Asia contributed over 80% of the Company’s total revenue. 17. CONTINGENCY AND COMMITMENTS Contingencies In the ordinary course of business, the Company may be subject to legal proceedings regarding contractual and employment relationships and a variety of other matters. The Company records contingent liabilities resulting from such claims, when a loss is assessed to be probable, and the amount of the loss is reasonably estimable. In the opinion of management, there were no pending or threatened claims and litigation as of March 31, 2024 and through the issuance date of these consolidated financial statements. F - 30 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022

18. RELATED PARTY TRANSACTIONS

The Company’s relationships
with related parties who had transactions with the Company are summarized as follows:

| Related Party                                       |     | Relationship to the Company                                                                                           |
| Mr. Danny Tze Ching Wong                            |     | Director, Chairman of the Board of Director and Controlling Shareholder                                               |
| Mr. Edwin Chun Yin Wong                             |     | Director and Chief Executive Office, the son of Mr. Danny Tze Ching Wong                                              |
| Ms. Lui Wai Fun                                     |     | The spouse of Mr. Danny Tze Ching Wong                                                                                |
| Guangdong Rongmian Accessories Technology Co., Ltd. |     | A company owned as to 28% by Mr. Wong Chun Yin Edwin                                                                  |
| Jiaxing Newsole Reflective Material Co., Ltd.       |     | A company owned as to 90% by New Sole (Shanghai) Technology Ltd, which is owned as to 33% by Mr. Danny Tze Ching Wong |
| New Sole (Shanghai) Technology Ltd                  |     | A company owned as to 33% by Mr. Danny Tze Ching Wong                                                                 |
| Charm Vision Holdings Limited                       |     | A company 99.9% owned by Mr. Danny Tze Ching Wong                                                                     |
| J-Long Group Ltd                                    |     | A company owned as to 10% by Mr. Danny Tze Ching Wong and 90% by Mr. Edwin