Company: JL
Filing Date: 2025-05-20
Form Type: 20-F/A
Source: 0001213900-25-045507
Chunk: 208

Company: J-Long Group Ltd
Filing Date: 2025-05-20
Form: 20-F/A
Chunk 208
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,139 |   |

8. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment
consists of the following as of March 31, 2024 and 2023:

|                                          |     |     As of 
 March 31, |            |   |     |      |            |   |
|                                          |     |      2023 |            |   |     | 2024 |            |   |
|                                          |     |       USD |            |   |     |  USD |            |   |
| Buildings                                |     |           |  3,586,301 |   |     |      |  3,586,301 |   |
| Plant and machinery                      |     |           |    299,916 |   |     |      |    299,916 |   |
| Furniture and fixtures                   |     |           |    904,325 |   |     |      |  1,006,797 |   |
| Motor vehicles                           |     |           |    109,423 |   |     |      |    212,154 |   |
| Total                                    |     |           |  4,899,965 |   |     |      |  5,105,168 |   |
| Less: accumulated depreciation           |     |           | (2,532,829 | ) |     |      | (2,680,596 | ) |
| Total property, plant and equipment, net |     |           |  2,367,136 |   |     |      |  2,424,572 |   |

Depreciation expenses were
USD, USD and USD recognized for the year ended March 31, 2022, 2023 and 2024, respectively. During the year
ended March 31, 2023, the Company disposed the buildings with net book value of USD and received the sales proceeds of USD,
resulting in USD gain on disposal.

The following
properties are owned by JLHK and pledged for bank borrowings. The property which located at Deerhill Avenue, Flat C, 3/F, Tower
10,Carpark No. 93 at Garage B, Below Towers 7 to 11 of, Deerhill bay with the net book value of USD and USD as of
March 31, 2023 and 2024, respectively. The property which located at House 20 JC Castle ,18 Shan Tong Road with the