Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 63

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 3
Chunk 63
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 by ordinary resolution
declare a dividend, but no dividend may exceed the amount recommended by our Board of Directors. In either case, all dividends are subject
to certain restrictions under Cayman Islands law, namely that the Company may only pay dividends out of profits or share premium and
under no circumstances may a dividend be paid if this would result in the Company being unable to pay its debts as they fall due in the
ordinary course of business. Even if our Board of Directors decides to declare and pay dividends, the timing, amount and form of future
dividends, if any, will depend on, among other things, our future results of operations and cash flow, our capital requirements and surplus,
the amount of distributions, if any, received by us from our subsidiaries and our financial condition, contractual restrictions and other
factors deemed relevant by our Board of Directors. Accordingly, the return on an investment in our Ordinary Shares will likely depend
entirely upon any future price appreciation of our Ordinary Shares. We cannot assure you that our Ordinary Shares will appreciate in
value or even maintain the price at which Ordinary Shares were purchased at any given time. You may not realize a return on your investment
in our Ordinary Shares, and you may even lose your entire investment in our Ordinary Shares.

Our
disclosure controls and procedures may not prevent or detect all errors or acts of fraud.

We
are subject to the periodic reporting requirements of the Exchange Act. We have designed our disclosure controls and procedures
to provide reasonable assurance that information we must disclose in reports we file or submit under the Exchange Act is accumulated
and communicated to management, and recorded, processed, summarized and reported within the time periods specified in the rules and forms
of the SEC. We believe that any disclosure controls and procedures, no matter how well-conceived and operated, can provide only
reasonable, not absolute, assurance that the objectives of the control system are met.

These
inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple
errors or mistakes. Additionally, controls can be circumvented by the individual acts of a person, by collusion of two or more people
or by an unauthorized override of the controls. Accordingly, because of the inherent limitations in our control system, misstatements
due to error or fraud may occur and not be detected.

We
do not intend to pay dividends for the foreseeable future

Although
we have paid dividends in the past, we currently intend to retain any future earnings to finance