Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 193

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 18
Chunk 193
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 hierarchy is based upon the lowest level of
input that is significant to the fair value measurement. Accounting guidance establishes three levels of inputs that may be used to measure
fair value:

  Level 1:      Quoted prices in active                       
                markets for identical assets or liabilities.  
 ──────────────────────────────────────────────────────────────

  Level 2:      Observable, market-based                                                     
                inputs, other than quoted prices, in active markets for identical asset or.  
 ─────────────────────────────────────────────────────────────────────────────────────────────

  Level 3:      Unobservable inputs to                                                                                             
                the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

The Company’s financial
instrument include cash and cash equivalents, restricted cash, accounts receivable, investment in marketable debt securities, other current
assets, notes receivable, accounts payable, accruals and other current liabilities, dividends payable, bank loans, loans from related
parties, lease liabilities and due from and to related parties. The carrying amounts of these financial instruments approximate their
fair values due to the short-term nature of these instruments. For lease liabilities, fair value approximates their carrying value at
the year end as the interest rates used to discount the host contracts approximate market rates. The carrying amount of the long-term
bank loan approximates its fair value due to the fact that the related interest rate approximates the interest rates currently offered
by financial institutions for similar debt instruments of comparable maturities.

Investment in marketable
debt securities measured at fair value are classified in accordance with a valuation hierarchy that reflects the significance of the
inputs used in determining their fair value, as per ASC 820 Fair Value Measurement as below:

                                                      Total                      Quoted                    Significant      Significant   
                                                      USD                        USD                       USD              USD           
  March 31, 2024                                                                                                                          
  Investment in marketable debt securities                            2,275                     2,275                                     
  Total investment in marketable debt securities                      2,275                     2,275                                     

                                                      Total                      Quoted                    Significant      Significant   
                                                      USD                        USD                       USD              USD           
  March 31, 2025                                                                                                                          
  Investment in marketable debt securities                            2,220                     2,220                                     
  Total investment in marketable debt securities                      2,220