Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 41

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 41
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 may
fluctuate subject to our customers’ demands.

Our HK Operating Subsidiary,
JLHK, does not enter into any long-term agreements with our customers, which mainly are comprised of owners of apparel brands, apparel
manufacturers and local buying offices of apparel brands, and their purchases are made on an order-by-order basis. Our business with
our customers has been, and we expect it will continue to be, conducted based on the actual orders received from time to time. Accordingly,
the quantity of purchase orders that we receive from our customers may fluctuate from time to time which makes it difficult for us to
project future purchase orders. Our success depends on receiving continuous purchase orders from our customers. If for any reason (including
product quality or product price), our customers no longer place purchase orders with us at the same level or on similar terms as they
have historically done, or at all, in the future (for example, in the event of a decrease in customers’ end products due to an
economic downturn), or if purchasers remove us from their list of nominated suppliers to their manufacturers which can no longer purchase
our products, and if we are unable to obtain purchase orders in substitution, or are unable to develop new customers, our business may
be materially and adversely affected.

We
may be unable to timely and accurately respond to changes in the latest market trends in outerwear, sportswear and fashion apparel.

As
our major customers consist of outerwear and sportswear brands, uniform and safety workwear brands and fashion brands, we constantly
work with our customers in analyzing the latest market trends and product design and development to stay abreast of emerging consumer
preferences and to anticipate changes in fashion trends that will appeal to the consumers of our customers’ apparel products in
order to remain competitive. We believe that our success is, to an important extent, attributable to the ability of our product design
and development team and sales and marketing team to be responsive to changes in fashion trends for apparel and consumer preferences.
Due to the highly subjective nature of fashion trends, we may be unable to capture or predict future fashion trends and to present potential
applications of our products and materials to our customers in an appealing manner and our customers may choose to work with our competitors
with market-sensitive designs or purchase materials or products from our competitors.

Increases
in the procurement price at which we purchase our materials and products from our materials suppliers and manufacturing services suppliers
may materially and adversely affect our business, financial condition and results of