Company: JL
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001213900-25-068049
Chunk: 109

Company: J-Long Group Ltd
Filing Date: 2025-07-28
Form: 20-F
Item: Item 5
Chunk 109
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 for other use outside of the PRC or Hong Kong due to oversight on
or the imposition of restrictions and limitations on the ability of us or our subsidiaries by the PRC government to transfer cash or
assets.

On
February 29, 2024, our Board of Directors declared a special cash dividend in the aggregate amount of US$6,000,000 to be paid to all
holders of record of our outstanding ordinary shares as of March 11, 2024. As of March 31, 2024, US$1,676,750 had been paid in cash,
US$3,922,795 had been fully settled by directly deducting the dividend amount from the amount due from the shareholders and US$400,455
had not yet been paid. The dividend was paid on March 12, 2024 to three shareholders of record (including CEDE and Co. as shareholder
of record of 10,310,000 shares) based on 31,400,000 ordinary shares issued and outstanding. The US$400,455 that had not been paid as
of March 31, 2024 was paid in cash on April 3, 2024. Each shareholder received approximately US$0.19 per share.

During
the year ended March 31, 2023, JLHK declared cash dividends of approximately US$2,423,077 to Stratum Star, which subsequently declared
cash dividends of approximately US$2,423,077 to us as its holding company. Our Company, in turn, declared cash dividends of approximately
US$2,423,077 to its shareholders, Mr. Danny Tze Ching Wong and Mr. Edwin Chun Yin Wong.

During the year ended March
31, 2022, JLHK declared cash dividends of approximately US$2,948,718 to its then holding company, Sun Choice, which subsequently declared
the dividend to its then shareholders, Mr. Danny Tze Ching Wong and Ms. Wai Fun Lui.

As
of the date of this Annual Report, we currently intend to retain all available funds and future earnings, if any, for the operation and
expansion of our business and do not anticipate declaring or paying any dividends in the foreseeable future. Any future determination
related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results
of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant,