Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 13

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 13
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 to risks due to uncertainty of the interpretation and the application of the PRC laws and regulations, including but not
limited to, limitations on foreign ownership and regulatory review of overseas listings of PRC companies, and the validity and enforcement
of such structures. We are also subject to the risks of uncertainty of any future actions of the PRC government in this regard that could
disallow the holding company structure, which could result in a material change in the operations of our Hong Kong Operating Subsidiary,
JLHK, and/cause the value of our securities to decrease significantly or become worthless.

Hong
Kong is a special administrative region of the PRC. As such, we are subject to certain legal and operational risks associated with our
operations in Hong Kong, including changes in the legal, political and economic policies of the PRC government, the relationship between
China and the United States, and the fact that Chinese or United States regulations may materially and adversely affect our business,
financial condition and results of operation. We are aware that recently, the PRC government initiated a series of regulatory actions
and new policies in certain areas to regulate business operations in China with little advance notice, including cracking down on illegal
activities in the securities market, enhancing supervision over China-based companies listed overseas using a VIE structure, adopting
new measures to extend the scope of cybersecurity review and expanding the efforts in anti-monopoly enforcement. As of the date of this
Annual Report, we are not materially affected by recent statements by the PRC government indicating an intention to exert more oversight
and control over offerings that are conducted overseas and/or foreign investment in China-based issuers with operations only in Hong
Kong or in the apparel industry. However, due to certain long-arm provisions in the current PRC laws and regulations, there remains regulatory
uncertainty with respect to the implementation and interpretation of laws in China as they may affect Hong Kong. The PRC government may
choose to exercise additional oversight and discretion over Hong Kong, and the policies, regulations and rules, and the enforcement of
laws of the PRC government to which we are subject may change rapidly and with little advance notice to us or our shareholders. As a
result, the application, interpretation and enforcement of new and existing laws and regulations in the PRC and our assertions and beliefs
regarding the risk imposed by the PRC legal and regulatory system are by their very nature uncertain.

In
addition, these PRC laws and regulations may be interpreted and applied inconsistently by