Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 136

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 7
Chunk 136
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 the principal amount of HK$3,800,000 made in connection with renegotiated leases with reduced  
           rents on three properties rented by JLHK from Everlink. The amount was fully collected in the fiscal year of 2025                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  (4)      During the year ended March 31, 2025, the amount outstanding due from                                                                   

The
above amounts were unsecured, interest free, had no specific repayment terms and were of non-trade nature.

Accounts
Receivable/Payable

Accounts
receivable/payable consist of the following:

                                                                                  As of March 31,                                        
  Name                    Nature                         Classification           2024                              2025                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                  US$                               US$                  
  Guangdong Rongmian      Sales of garment trims         Accounts receivable                            33,924                        —  
  Guangdong Rongmian      Purchase of garment trims      Accounts payable                              807,681                1,749,986  
  Jiaxing Newsole         Purchase of garment trims      Accounts payable                              235,981                  123,346  
  New Sole                Purchase of garment trims      Accounts payable                              105,767                  429,630  

Prepaid expenses
and other current assets, net

                                                                                                   As of March 31,                        
  Name                    Nature                     Classification                                2024                 2025              
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                   US$                  US$               
  Guangdong Rongmian      Commission receivable      Prepayment, deposit and other receivable                                     46,854  

Loans from
related parties

Related parties consisted of the following:

                              As of                             
                              March 31,                         
                              2024           2025               
 ────────────────────────────────────────────────────────────────
                              USD            USD                
  Name                                                          
  J-Long Trims Pte. Ltd.                               200,000  

The loan term is 12 months commencing from March
2025. The term may be extended through written agreement between both parties. Interest is charged at an annual rate of 4% and will be
paid on the repayment date.

Other
Transactions

The Company rents a residential
property owned