Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 154

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 10
Chunk 154
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 on English authorities, which would in all likelihood be of persuasive authority in the Cayman Islands, the Cayman Islands
court can be expected to follow and apply the common law principles (namely the rule in Foss v. Harbottle and the exceptions thereto)
so that a non-controlling shareholder may be permitted to commence a class action against or derivative actions in the name of the company
to challenge actions where:

  a                                                          

  the                                                                                                                                  

  those                                                                

Indemnification
of Directors and Executive Officers and Limitation of Liability

Cayman
Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification
of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public
policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. Our Memorandum and Articles
of Association provide that that we shall indemnify our officers and directors against all actions, proceedings, costs, charges, expenses,
losses, damages or liabilities incurred or sustained by such directors or officer, other than by reason of such person’s dishonesty,
willful default or fraud, in or about the conduct of our company’s business or affairs (including as a result of any mistake of
judgment) or in the execution or discharge of his duties, powers, authorities or discretions, including without prejudice to the generality
of the foregoing, any costs, expenses, losses or liabilities incurred by such director or officer in defending (whether successfully
or otherwise) any civil proceedings concerning our company or its affairs in any court whether in the Cayman Islands or elsewhere.

This
standard of conduct is generally the same as permitted under the Delaware General Corporation Act for a Delaware corporation. In addition,
we intend to enter into indemnification agreements with our directors and senior executive officers that will provide such persons with
additional indemnification beyond that provided in our Memorandum and Articles of Association. Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to our directors, officers or persons controlling us under the foregoing provisions,
we have been informed that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act
and is therefore unenforceable.

Directors’
Fiduciary Duties

Under
Delaware corporate law, a director of a Delaware corporation has a fiduciary duty to the corporation and its