Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 198

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 198
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 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 table presents
a rollforward of the changes in allowance for credit losses on available for sale fixed maturity securities by major investment category:

| Years ending March 31,                                                        |     | 2023  
 Total |         |
|:------------------------------------------------------------------------------|:----|:------|--------:|
|                                                                               |     | USD   |         |
| Balance, beginning of year                                                    |     |       |  93,596 |
| Additions:                                                                    |     |       |         |
| Securities for which allowance for credit losses were not previously recorded |     |       |  60,754 |
| Balance, end of year                                                          |     |       | 154,350 |

F - 21 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.)

| Years ending March 31,                                                        |     | 2024  
 Total |         |
|:------------------------------------------------------------------------------|:----|:------|--------:|
|                                                                               |     | USD   |         |
| Balance, beginning of year                                                    |     |       | 154,350 |
| Additions:                                                                    |     |       |         |
| Securities for which allowance for credit losses were not previously recorded |     |       |  42,291 |
| Balance, end of year                                                          |     |       | 196,641 |

4. ACCOUNTS RECEIVABLE, NET

Accounts receivable —
third parties, net, consists of the following:

|                                     |     |     As of