Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 94

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 94
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 labor.

We
utilize manufacturing services suppliers in the PRC for the conversion process of our products. They are not located in Xinjiang and
are staffed by employees with no raw materials being sourced from Xinjiang. We are confident that our supply chain management system
would rebut the presumption that our products are tainted with forced or prison labor and therefore we do not anticipate any material
or adverse effect on our business operations, financial position and results of operations from the UFLPA.

The
outbreak of war in Ukraine has affected global economic markets, including a dramatic increase in the price of oil and gas, and the uncertain
resolution of this conflict could result in protracted and/or severe damage to the global economy. Russia’s military interventions
in Ukraine have led to, and may lead to, additional sanctions being levied by the United States, the European Union and other countries
against Russia and countries supporting Russia. Russia’s military incursion and the resulting sanctions could adversely affect
global energy and financial markets and thus could affect our business and the businesses of our customers, even though we do not have
any direct exposure to Russia or the adjoining geographic regions. The extent and duration of the military action, sanctions and resulting
market disruptions are impossible to predict, but could be substantial. Any such disruptions caused by Russian military action or resulting
sanctions may magnify the impact of other risks described herein. We cannot predict the progress or outcome of the situation in Ukraine,
as the conflict and governmental reactions are rapidly developing and beyond our control. Prolonged unrest, intensified military activities
or more extensive sanctions impacting the region could have a material adverse effect on the global economy. However, we do not anticipate
that such activities will have a disproportionate material adverse effect on our operations, results of operations, financial condition,
liquidity and business outlook because:

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Inflation

As
of the date of this Annual Report, we have not experienced significant inflationary pressures on material or labor costs negatively affecting
our ongoing business. China’s national consumer price index increased by 0.1% in 2025 over the previous year, according to the
National Bureau of Statistics of China. Vietnam’s national consumer price index increased by 3.57% in 2025 over the previous year,
according to the National Statistics Office of Vietnam. Although we have not been materially affected by inflation in the past, we may
be affected if China or Vietnam experiences