Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 201

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 201
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 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 net book value
of USD and USD as of March 31, 2023 and 2024, respectively.

F - 25 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022

9. BANK LOANS

The Company’s bank loans
which are all denominated in HKD, consist of:

|                                             |     |          |     |            |     |               |     |     As of 
 March 31, |           |     |      |           |
|                                             |     | Type     |     | Interest   
 rate       |     | Maturity      
 dates         |     |      2023 |           |     | 2024 |           |
|                                             |     |          |     |            |     |               |     |       USD |           |     |  USD |           |
| Long-term borrowings:                       |     |          |     |            |     |               |     |           |           |     |      |           |
| Hang Seng Bank Limited                      |     | Mortgage |     | HIBOR+1.6% |     | March 2027    |     |           |   571,055 |     |      |   441,402 |
| Hang Seng Bank Limited                      |     | Mortgage |     | HIBOR+1.6% |     | March 2027    |     |           |   921,158 |     |      |   712,018 |
| Hang Seng Bank Limited                      |     | Mortgage |     | HIB