Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 185

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 185
---
, net of issuance costs                                                            —         6,340,537                —  
  Cash (used in)/provided by financing activities                                                                ( 5,422,750           701,972        ( 669,868  
  Effect of exchange rate changes on cash                                                                                  —                 —         ( 27,334  
  Net change in cash and cash equivalents and restricted cash                                                    ( 1,402,821         ( 798,109        5,507,316  
  Cash and cash equivalents and restricted cash as of beginning of the year                                        7,362,748         5,959,927        5,161,818  
  Cash and cash equivalents and restricted cash as of the end of the year                                          5,959,927         5,161,818       10,669,134  
  Supplementary Cash Flows Information                                                                                                                           
  Cash paid for interest                                                                                             115,010           145,951          101,678  
  Cash received from interest                                                                                          8,003            40,734          320,180  
  Cash paid(refund) for income tax                                                                                 1,327,833         1,218,484        ( 704,997  
  Supplementary Schedule of Non-Cash Investing and Financing Activities                                                                                          
  Right-of-use assets obtained in exchange for new operation lease liabilities                                       710,437                 —        1,338,939  
  Dividends declared and offset against amounts due from related parties                                           2,423,077         3,922,795                —  
  Amounts due from related parties offset against accounts payable between Danny Wong and a supplier                       —                 —          300,009  

The accompanying notes are an integral part of
these consolidated financial statements.

F-6

J-LONG GROUP LIMITED

1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

J-Long Group Limited (the
“ Company”) was incorporated in the Cayman Islands onJuly 25, 2022under the Companies Act as an exempted company with
limited liability. The Company conducts its primary operations of apparel trims solution services in Hong Kong through its indirectly
held wholly owned subsidiary that is incorporated and domiciled in Hong Kong, namely J-Long Limited (“ JLHK”), and in
Vietnam through its indirectly held51% owned subsidiary that is incorporated and domiciled in Vietnam, namely J-Long Trims Vietnam Co.,
LTD (“ JLVN”).

Details of