Company: JL
Filing Date: 2025-04-03
Form Type: 20-F/A
Source: 0001213900-25-028675
Chunk: 179

Company: J-Long Group Ltd
Filing Date: 2025-04-03
Form: 20-F/A
Chunk 179
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3, the Company effected a share split whereby each 3issued and outstanding ordinary share were divided into 8ordinary share. All share and per share information in these financial statements has been retroactively adjusted to reflect the Share Split. The Company and its subsidiaries resulting from Reorganization has always been under the common control of Mr. Danny Tze Ching Wong before and after the Reorganization and thus the current capital structure has been retroactively presented in prior periods as if such structure existed at that time and in accordance with ASC 805-50-45-5, the entities under common control are presented on a combined basis for all periods to which such entities were under common control. Since all of the subsidiaries were under common control for the entirety of the years ended March 31, 2024, 2023 and 2022, the results of these subsidiaries are included in the financial statements for all periods. All references to Ordinary Shares, share data, per share data, and related information have been retroactively adjusted, where applicable, in the financial statements to reflect the issuances of Ordinary Shares of the Company as if these events had occurred at the beginning of the earliest period presented in accordance with ASC 805-50-45-5. Basis of presentation The consolidated financial statements include all accounts of the Company and its wholly owned subsidiaries (Collectively, the “Company”) and have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). Consolidation The consolidated financial statements include the financial statements of the Company and its subsidiaries. All inter-company transactions and balances between the Company and its subsidiaries have been eliminated upon consolidation Reclassifications Certain prior period balances were reclassified to conform to the current period’s presentation. None of these reclassifications had an impact on reported net income or cash flows for any of the periods presented. Public Offering of Shares On January 26, 2024, the Company completed an initial public offering (the “IPO”) of 1,400,000of its ordinary shares, par value $ 0.0000375per share (the “Shares”), at a public offering price of $ 5.00per share for total gross proceeds of USD7,000,000before deducting underwriting discounts and commissions. F - 8 J-LONG GROUP LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2024, 2023 AND 2022 2. SUMMARY OF SIGNIFICANT