Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 57

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 57
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  or anticipated fluctuations in our reported results of operations and changes or revisions of our expected results;  
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  changes                                                  
  in financial estimates by securities research analysts;  
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  detrimental                                                                                         

  announcements                                                                                                                          

  additions                                   

  litigation                                                          

  release                                                                                                

  sales                                                        

Any
of these factors may result in large and sudden changes in the volume and price at which our Ordinary Shares trade. As a result of this
volatility, investors may experience losses on their investment in our Ordinary Shares. A decline in the market price of our Ordinary
Shares also could adversely affect our ability to issue additional Ordinary Shares and our ability to obtain additional financing in
the future. No assurance can be given that an active market in our Ordinary Shares will develop or be sustained. If an active market
does not develop, holders of our Ordinary Shares may be unable to readily sell the shares they hold or may not be able to sell their
shares at all. In the past, shareholders of public companies have often brought securities class action suits against those companies
following periods of instability in the market price of their securities. If we were involved in a class action suit, it could divert
a significant amount of our management’s attention and other resources from our business and operations and require us to incur
significant expenses to defend the suit, which could harm our results of operations. Any such class action suit, whether or not successful,
could harm our reputation and restrict our ability to raise capital in the future. In addition, if a claim is successfully made against
us, we may be required to pay significant damages, which could have a material adverse effect on our financial condition.

We
rely on dividends and other distributions on equity paid by JLHK, our Operating Subsidiary, to fund any cash and financing requirements
we may have. In the future, funds may not be available to fund operations or for other uses outside of Hong Kong, due to interventions
in, or the imposition by the PRC government of restrictions and limitations on our operating subsidiary’s ability to transfer cash
out of Hong Kong. Any limitation on the ability of JLHK to make payments to us could have a material adverse effect on our ability to
conduct our business and might materially decrease the value of our Ordinary Shares or cause them to be worthless.

The
Company is a holding company,