Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 158

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 10
Chunk 158
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 our significant subsidiaries that would affect the payment or remittance of dividends.

Material
Income Tax Considerations

The
following is a discussion of certain Cayman Islands, Hong Kong and United States income tax consequences of an investment in the
Ordinary Shares. The discussion is a general summary of present law, which is subject to prospective and retroactive change. It is not
intended as tax advice, does not consider any investor’s particular circumstances, and does not consider tax consequences other
than those arising under Cayman Islands, Hong Kong and United States laws.

Cayman
Islands Taxation

The
Cayman Islands currently levy no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is
no taxation in the nature of inheritance tax or estate duty. There are no other taxes likely to be material to our Company levied by
the Government of the Cayman Islands save for certain stamp duties which may be applicable, from time to time, on certain instruments.
No stamp duty is payable in the Cayman Islands on transfers of shares of Cayman Islands companies save for those which hold interests
in land in the Cayman Islands. There are no exchange control regulations or currency restrictions in effect in the Cayman Islands.

Hong
Kong Profits Taxation

No
tax is imposed in Hong Kong in respect of capital gains from the sale of property, such as our Ordinary Shares. Generally, gains arising
from disposal of the Ordinary Shares which are held more than two years are considered capital in nature. However, trading gains from
the sale of property by persons carrying on a trade, profession or business in Hong Kong where such gains are derived from or arise in
Hong Kong from such trade, profession or business will be chargeable to Hong Kong profit tax. Liability for Hong Kong profits tax would
therefore arise in respect of trading gains from the sale of Ordinary Shares realized by persons in the course of carrying on a business
of trading or dealing in securities in Hong Kong where the purchase or sale contracts are effected (being negotiated, concluded and/or
executed) in Hong Kong. Effective from April 1, 2018, profits tax is levied on a two-tiered profits tax rate basis, with the first
HK$2 million of profits being taxed at 8.25% for corporations and 7.5% for unincorporated businesses, and profits exceeding the
first HK$2 million being taxed at 16.5% for corporations and 15%