Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 204

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 204
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 values that are considered other-than-temporary due to credit risk are recorded as an impairment loss in the Consolidated Statements
of Operations and Comprehensive Income.

We recognized USD21,422,
USD12,668and USD nilof interest income on investment in marketable debt securities during the years ended March 31, 2023,
2024 and 2025, respectively. We do not measure a credit loss allowance on accrued interest receivable as we write off any accrued interest
receivable balance in a timely manner when we have concerns regarding collectability.

The bond - BLUE
SKYVIEW Co. Ltd7.125% Perpetual Corp continuously deferred the distribution which is scheduled to be paid since July 26, 2020.
Due to the uncertainty of receiving the interest income, noaccrued interest has been recorded during the years ended March 31,
2023, 2024 and 2025.

Credit Impairments

The following table presents
a rollforward of the changes in allowance for credit losses on available for sale fixed maturity securities by major investment category:

  Years ending March 31,                                         2024                
                                                                 Total               
 ─────────────────────────────────────────────────────────────────────────────────────
                                                                 USD                 
  Balance, beginning of year                                                154,350  
  Additions:                                                                         
  Securities for which allowance for credit losses were not                  42,291  
  Balance, end of year                                                      196,641  

F-21

J-LONG GROUP LIMITED

3. INVESTMENT IN MARKETABLE DEBT SECURITIES(cont.)

  Years ending March 31,                                     2025                
                                                             Total               
 ─────────────────────────────────────────────────────────────────────────────────
                                                             USD                 
  Balance, beginning of year                                            196,641  
  Additions:                                                                     
  Securities for which allowance for credit losses were                      55  
  Balance, end of year                                                  196,696  

4. ACCOUNTS RECEIVABLE, NET

Accounts receivable - 
third parties, net, consists of the following:

                                           As of                                              
                                           March 31,                                          
                                           2024                          2025                 
 ──────────────────────────────────────────────────────────────────────────────────────────────
                                           USD                           USD                  
  Accounts receivable – third parties                     2,372,168                3,125,187  
  Less: allowance for credit loss                          ( 22,794                 ( 22,794  
  Accounts receivable, net