Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 167

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 167
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 the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rate. Our exposure to currency risk arises primarily from cash and cash equivalents, restricted cash, investment in marketable debt securities, accounts receivable and accounts payable, which are primarily denominated in Hong Kong dollars, US dollars and Renminbi. Our reporting currency is US dollars. As the Hong Kong dollar is pegged to the US dollar and although Renminbi gradually depreciated against the US dollar over the three years ended March 31, 2024, management believes that we are not exposed to significant currency risk. The following table presents the potential effects on profit before tax of a hypothetical change of +/- 500 basis points (“bps”) in year-end exchange-rates, applied to the Company’s net balances of trade receivables and trade payables in foreign currencies.

|                  |     |                                          | At March 31, 2022 |     |                                                    |         |     |                                                    |          |     |                                          | At March 31, 2023 |     |                                                    |         |     |                                                    |          |     |                                          | At March 31, 2024 |     |                                                    |        |     |                                                    |         |
|:-----------------|:----|:-----------------------------------------|------------------:|:----|:---------------------------------------------------|--------:|:----|:---------------------------------------------------|---------:|:----|:-----------------------------------------|------------------:|:----|:---------------------------------------------------|--------:|:----|:---------------------------------------------------|---------:|:----|:-----------------------------------------|------------------:|:----|:---------------------------------------------------|-------:|:----|:---------------------------------------------------|--------:|
| Foreign Currency |     | Notional profit before tax expense (US$) |                   |     | Impact on profit before tax expense +500 bps (US$) |         |     | Impact on profit before tax expense -500 bps (US$) |          |     | Notional profit before tax expense (US$) |                   |     | Impact on profit before tax expense +500 bps (US$) |         |     | Impact on profit before tax expense -500 bps (US$) |          |     | Notional profit before tax expense (US$) |                   |     | Impact on profit before tax expense +500 bps (US$) |        |     | Impact on profit before tax expense -500 bps (US$)